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How to Build a Crypto Derivatives Monitor with CoinGlass API and Python

DEV Community·Time Flies·22 days ago
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Tags: python cryptocurrency api quantitative-finance tutorial Estimated reading time: 25 minutes | Difficulty: Intermediate The Problem Nobody Talks About It's 3 AM. Bitcoin just dropped 18% in 45 minutes. Your long position got liquidated while you were asleep. You wake up to a notification that your account balance is zero. This isn't a hypothetical. On August 5, 2024, over $1 billion in liquidations hit the market in a single hour. The signals were there beforehand — funding rates at extreme highs, open interest surging, long/short ratio at dangerous levels. But nobody was watching. The crypto market runs 24/7. You don't. In this tutorial, I'll show you how to build a production-ready crypto derivatives monitor using the CoinGlass API V4 and Python.…

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