Crypto liquidations

What this page measures

A liquidation is a trade nobody chose to make. A leveraged position runs out of margin, the exchange force-closes it at market, and the notional of that forced close is what shows up in the totals above. When commentary says "a billion dollars liquidated overnight", this is the figure it means: the size of the positions wiped, not the amount of money lost.

This page aggregates that across every futures market we track, some 1,600 coins on a dozen exchanges, from Binance and Hyperliquid through OKX, Bybit, Bitget and Gate, from the last hour out to ninety days. It is the wide-angle view. The per-coin liquidation heatmaps answer the forward-looking question of where the next clusters sit; this page answers what already happened.

How to read the numbers

• Long liquidations mean the market fell: Longs are forced out on the way down, shorts on the way up. A red-heavy day is a down day, almost by definition.
• The skew matters more than the total: $800M split evenly is a choppy session. $800M at 90% longs is a flush, and flushes tend to mark local extremes because the leverage that would have kept selling is already gone.
• In the treemap, color is the side that paid: Red cells are coins where longs took the damage, green where shorts did. Depth of color is how one-sided it was, and area is total notional. Hover any cell for the exact split.
• Compare a coin's share of liquidations to its share of open interest: When a mid-cap shows BTC-sized liquidations, that market was over-levered relative to its depth, and those are the moves that overshoot.
• Check the window before drawing conclusions: A violent hour disappears inside a quiet 24h figure. The 1H and 4H tabs exist precisely for that.

Why every tracker shows a different number

Compare any two liquidation dashboards and the totals will disagree, sometimes by multiples. There is a structural reason. In 2021 the major exchanges stopped publishing complete forced-order feeds. Binance's public stream, for instance, was throttled to at most one liquidation order per second per symbol. In a cascade, hundreds fire in that second. Since then, every public liquidation total, on every site, is an undercount, an extrapolation, or a model.

This page shows the reported figures, built from those feeds, venue by venue, across every exchange it tracks. Other trackers listen to the same feeds with their own sampling and their own venue list, so the levels differ while the shape usually agrees: the big days are big everywhere. Treat every liquidation figure you see, here or anywhere, as a measure of magnitude rather than an audited count.

What it cannot tell you

• It cannot see individual orders: Nothing here maps to a specific trader or trade; the figures are venue totals.
• It cannot count what the exchanges do not publish: The venue feeds are throttled, so the totals are a floor with a sampling method on top, not a complete ledger. Read them as magnitude.
• The exchange table is eight coins, not the whole market: Its "All" row is smaller than the 24h card above it by design; the long tail of small coins is in the cards but not in the per-venue split. The history is BTC, ETH and SOL only, by day out to 90 days and by week beyond that.
• It is not a forecast: Yesterday's billion-dollar flush says nothing about tomorrow. For where the next forced selling is stacked, use the per-coin heatmaps.