Incorrect trade data at Bullish

Incident Report for Coin Metrics

Resolved

The issue affecting spot trades data from the Bullish exchange has been resolved. Since this incident, incoming data from the exchange has been behaving as expected. We will provide updates if any further changes are required.
Posted Dec 30, 2025 - 19:35 UTC

Update

We have removed trades that were clearly incorrect based on price for the affected time range, and have recalculated the downstream metrics that were impacted as a result. We are continuing to review the validity and overall quality of the data following these cleanup efforts, and in parallel, we are working with the exchange to determine whether corrected data can be obtained for this period.
Posted Dec 22, 2025 - 20:26 UTC

Monitoring

Spot trades data sourced from Bullish exchange is reporting abnormally large values, impacting daily spot volume metrics for some assets (including BTC and ETH).
Affected time range is 2025-12-18 12:00:00 UTC to 22:00:00 UTC.
We are investigating this issue and would share updates as they are available.
Posted Dec 19, 2025 - 15:57 UTC
This incident affected: Third Party Data (Market Data Vendor).