In the fast-paced world of cryptocurrency trading, staying ahead of market movements is crucial. Liquidation events often precede significant price shifts, making them valuable indicators for traders. The Bybit Liquidations Bot offers a solution by providing real-time notifications of large futures liquidations directly to your Telegram.
Why monitor liquidations?
Liquidations occur when a trader’s position is forcibly closed due to insufficient margin. These events can lead to sharp price movements, presenting opportunities for traders to capitalize on market volatility. By monitoring liquidation data, you can gain insights into market sentiment and potential price directions.
Setting up the bot
- Clone repository
git clone https://github.com/MaxTraderDev/bybit-liquidations-bot.git
2.Install dependencies needed for the bot
pip install -r requirements.txt
- Configure .env variables
- Create a new bot on Telegram via @botfather.
- Obtain your bot’s API token.
- Get your chatID.
- Configure minimum amount of Bybit liquidations (in USD)
- Paste bot’s API token and chatID to .env file
- Run the bot
python bybit_bot.py
The bot will now monitor Bybit’s liquidation feed and send real-time alerts to your Telegram channel. You should see the messages
Example of liquidation message:
About me
This project is maintained by MaxTraderDev — developer specializing in trading bots and automated crypto solutions. Check out more of my projects on GitHub.
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