ABOUT LIQUIDATION TRACKING
A crypto liquidation happens when an exchange force-closes a leveraged position because the trader's margin is insufficient to cover losses. Tracking liquidations in real time gives you a structural edge: large liquidation clusters act as price magnets, cascading liquidations fuel volatility, and sudden spikes in liquidation volume often mark short-term price extremes.
The Terminal aggregates live liquidation data from Binance, Bybit, OKX, and Hyperliquid into a unified heatmap and live feed. You see the full market picture — not just one exchange — so you can identify the price levels that carry the most risk before the move happens.
A crypto liquidation occurs when an exchange forcibly closes a leveraged position because the trader's margin balance has fallen below the maintenance requirement. This typically happens during sharp price moves in either direction.
The liquidation heatmap visualises price levels where large clusters of leveraged positions would be forced to close. Brighter zones indicate higher liquidation exposure — these levels often act as magnets for price action.
The Terminal aggregates liquidation data from Binance, Bybit, OKX, and Hyperliquid — covering the majority of crypto futures volume.
Liquidation data is updated in real time, typically within seconds of each event occurring on the exchange.