Liquidations
| Price zone | Longs liquidated | Shorts liquidated | Total | Events |
|---|
How to read this heatmap
Price runs up the vertical axis and time across; brighter cells mean more notional liquidated.
- Long vs short — longs liquidated: price fell through their stops. Shorts: it rose through theirs.
- Largest event — the biggest single forced close in the window.
- Recent events — live tape with venue and side.
Methodology & data
Venue coverage is Deribit, OKX and Bybit — real captured liquidation events, not modeled or estimated. Binance's public liquidation feed is not reachable from our infrastructure, so its volume isn't included; totals here are per-venue, not the whole market, and should be read as a partial but directionally useful sample rather than a market-wide total.
What is a BTC liquidation?
A forced close of a leveraged BTC futures or perpetual position by the exchange, triggered when the trader's margin can no longer cover their position as price moves against them.
Which exchanges does this data come from?
Deribit, OKX and Bybit — real liquidation events captured directly from each venue. Binance is excluded because its public liquidation feed isn't reachable from our infrastructure.
Why do liquidations cluster at certain price levels?
Leveraged traders tend to place stops and get liquidated near round numbers and recent swing highs/lows, since that's where clusters of similarly-sized positions were opened. A concentration of liquidations at a level often means that level absorbed a lot of leverage.
Is this the same as an options liquidation?
No — this tracks futures and perpetual-swap liquidations, not options. For BTC options positioning, see the gamma exposure and volatility surface pages.