Liquidation heatmap.
Explore where an assumed leverage mix places liquidation levels. These clusters come from net changes in Binance open interest; they do not reveal actual account positions or predict where prices will move.
How to read this map
Blue bands show modeled short liquidations; red bands show modeled long liquidations. Stronger colour means more modeled exposure. The solid line follows historical mark prices; the dashed line is the latest mark price.
Model assumptions
Illustrative model using completed hourly mark prices and base-unit open interest. Existing positions at the start of the window are excluded. Leverage, entry timing and closures are assumptions; the values are not observed liquidation orders.
Binance USDT contracts. Values use USDT as a USD proxy; other currencies use display exchange rates.
Hourly observations; this page is a snapshot. Reload for a newer model.
Data retrieved:
BTC Mark price $86,179.72
Modeled exposure, both sides: $5.13BModel time:
Largest short cluster above: $87,653.86 (+1.7% away) · $247.0M
Largest long cluster below: $82,025.99 (-4.8% away) · $224.7M
Scroll horizontally to explore the full time axis.
Hover or tap the chart to inspect a level. Click to pin; use arrow keys to explore and Escape to release.
Time windows zoom the sampled history; they do not recalculate the model. Summaries below always use the latest snapshot.
- Price level
- Mark price
- Longs
- Shorts
- Distance from mark at this time
Unavailable or stale inputs
Near the latest mark price ±5%
- Longs
- $949.5M
- Shorts
- $988.3M
Totals include buckets whose centres fall inside the selected distance. They are modeled exposure, not expected losses or a price forecast.
Explore all price levels (48)
Snapshot: all populated price buckets. Long and short values are shown separately.
| Price level | Longs | Shorts |
|---|---|---|
| $94,560.79 – $95,072.42 | $0 | $116.6M |
| $94,049.17 – $94,560.79 | $0 | $54.2M |
| $93,537.54 – $94,049.17 | $0 | $78.5M |
| $93,025.92 – $93,537.54 | $0 | $133.8M |
| $92,514.29 – $93,025.92 | $0 | $106.4M |
| $92,002.67 – $92,514.29 | $0 | $236.6M |
| $91,491.04 – $92,002.67 | $0 | $99.5M |
| $90,979.42 – $91,491.04 | $0 | $55.0M |
| $90,467.80 – $90,979.42 | $0 | $49.0M |
| $89,444.55 – $89,956.17 | $0 | $124.8M |
| $88,932.92 – $89,444.55 | $0 | $99.8M |
| $88,421.30 – $88,932.92 | $0 | $133.7M |
| $87,909.67 – $88,421.30 | $0 | $246.5M |
| $87,398.05 – $87,909.67 | $0 | $247.0M |
| $86,886.42 – $87,398.05 | $0 | $101.9M |
| $86,374.80 – $86,886.42 | $0 | $34.5M |
| $86,179.72 | Mark price | |
| $85,351.55 – $85,863.17 | $5.0M | $0 |
| $84,839.92 – $85,351.55 | $5.2M | $0 |
| $84,328.30 – $84,839.92 | $56.6M | $0 |
| $83,816.68 – $84,328.30 | $97.4M | $0 |
| $83,305.05 – $83,816.68 | $197.2M | $0 |
| $82,793.43 – $83,305.05 | $169.5M | $0 |
| $82,281.80 – $82,793.43 | $194.0M | $0 |
| $81,770.18 – $82,281.80 | $224.7M | $0 |
| $81,258.55 – $81,770.18 | $221.7M | $0 |
| $80,746.93 – $81,258.55 | $197.8M | $0 |
| $80,235.30 – $80,746.93 | $115.6M | $0 |
| $79,723.68 – $80,235.30 | $104.8M | $0 |
| $79,212.05 – $79,723.68 | $50.0M | $0 |
| $78,700.43 – $79,212.05 | $31.2M | $0 |
| $78,188.80 – $78,700.43 | $126.7M | $0 |
| $77,677.18 – $78,188.80 | $141.0M | $0 |
| $77,165.55 – $77,677.18 | $118.2M | $0 |
| $76,653.93 – $77,165.55 | $167.3M | $0 |
| $76,142.31 – $76,653.93 | $204.6M | $0 |
| $75,630.68 – $76,142.31 | $214.6M | $0 |
| $75,119.06 – $75,630.68 | $121.5M | $0 |
| $74,607.43 – $75,119.06 | $75.2M | $0 |
| $74,095.81 – $74,607.43 | $38.7M | $0 |
| $73,584.18 – $74,095.81 | $56.8M | $0 |
| $73,072.56 – $73,584.18 | $93.0M | $0 |
| $72,560.93 – $73,072.56 | $68.8M | $0 |
| $72,049.31 – $72,560.93 | $7.3M | $0 |
| $70,002.81 – $70,514.43 | $3.9M | $0 |
| $69,491.19 – $70,002.81 | $17.0M | $0 |
| $68,979.56 – $69,491.19 | $27.6M | $0 |
| $68,467.94 – $68,979.56 | $22.6M | $0 |
| $67,956.31 – $68,467.94 | $32.4M | $0 |
ETH Mark price $2,714.73
Modeled exposure, both sides: $3.46BModel time:
Largest short cluster above: $2,785.03 (+2.6% away) · $184.4M
Largest long cluster below: $2,630.03 (-3.1% away) · $194.2M
Scroll horizontally to explore the full time axis.
Hover or tap the chart to inspect a level. Click to pin; use arrow keys to explore and Escape to release.
Time windows zoom the sampled history; they do not recalculate the model. Summaries below always use the latest snapshot.
- Price level
- Mark price
- Longs
- Shorts
- Distance from mark at this time
Unavailable or stale inputs
Near the latest mark price ±5%
- Longs
- $648.2M
- Shorts
- $741.4M
Totals include buckets whose centres fall inside the selected distance. They are modeled exposure, not expected losses or a price forecast.
Explore all price levels (50)
Snapshot: all populated price buckets. Long and short values are shown separately.
| Price level | Longs | Shorts |
|---|---|---|
| $3,034.76 – $3,051.99 | $0 | $16.7M |
| $3,017.54 – $3,034.76 | $0 | $12.9M |
| $3,000.32 – $3,017.54 | $0 | $84.4M |
| $2,983.09 – $3,000.32 | $0 | $114.6M |
| $2,965.87 – $2,983.09 | $0 | $113.4M |
| $2,948.65 – $2,965.87 | $0 | $98.3M |
| $2,931.43 – $2,948.65 | $0 | $130.7M |
| $2,914.20 – $2,931.43 | $0 | $70.7M |
| $2,896.98 – $2,914.20 | $0 | $27.9M |
| $2,879.76 – $2,896.98 | $0 | $27.7M |
| $2,862.54 – $2,879.76 | $0 | $34.0M |
| $2,845.31 – $2,862.54 | $0 | $68.8M |
| $2,828.09 – $2,845.31 | $0 | $86.2M |
| $2,810.87 – $2,828.09 | $0 | $173.9M |
| $2,793.64 – $2,810.87 | $0 | $145.7M |
| $2,776.42 – $2,793.64 | $0 | $184.4M |
| $2,759.20 – $2,776.42 | $0 | $84.9M |
| $2,741.98 – $2,759.20 | $0 | $43.0M |
| $2,724.75 – $2,741.98 | $0 | $23.1M |
| $2,707.53 – $2,724.75 | $0 | $216,555 |
| $2,714.73 | Mark price | |
| $2,690.31 – $2,707.53 | $3.8M | $0 |
| $2,673.08 – $2,690.31 | $16.4M | $0 |
| $2,655.86 – $2,673.08 | $33.5M | $0 |
| $2,638.64 – $2,655.86 | $97.1M | $0 |
| $2,621.42 – $2,638.64 | $194.2M | $0 |
| $2,604.19 – $2,621.42 | $170.3M | $0 |
| $2,586.97 – $2,604.19 | $132.9M | $0 |
| $2,569.75 – $2,586.97 | $114.6M | $0 |
| $2,552.53 – $2,569.75 | $54.8M | $0 |
| $2,535.30 – $2,552.53 | $56.3M | $0 |
| $2,518.08 – $2,535.30 | $18.5M | $0 |
| $2,500.86 – $2,518.08 | $35.4M | $0 |
| $2,483.63 – $2,500.86 | $68.0M | $0 |
| $2,466.41 – $2,483.63 | $137.4M | $0 |
| $2,449.19 – $2,466.41 | $136.5M | $0 |
| $2,431.97 – $2,449.19 | $137.2M | $0 |
| $2,414.74 – $2,431.97 | $171.0M | $0 |
| $2,397.52 – $2,414.74 | $67.8M | $0 |
| $2,380.30 – $2,397.52 | $57.3M | $0 |
| $2,363.07 – $2,380.30 | $50.0M | $0 |
| $2,345.85 – $2,363.07 | $34.9M | $0 |
| $2,328.63 – $2,345.85 | $25.7M | $0 |
| $2,311.41 – $2,328.63 | $15.5M | $0 |
| $2,294.18 – $2,311.41 | $14.4M | $0 |
| $2,242.52 – $2,259.74 | $7.8M | $0 |
| $2,225.29 – $2,242.52 | $13.1M | $0 |
| $2,208.07 – $2,225.29 | $16.7M | $0 |
| $2,190.85 – $2,208.07 | $5.3M | $0 |
| $2,173.62 – $2,190.85 | $12.0M | $0 |
| $2,156.40 – $2,173.62 | $19.3M | $0 |
SOL Mark price $120.38
Modeled exposure, both sides: $684.6MModel time:
Largest short cluster above: $125.97 (+4.6% away) · $47.1M
Largest long cluster below: $109.51 (-9% away) · $40.4M
Scroll horizontally to explore the full time axis.
Hover or tap the chart to inspect a level. Click to pin; use arrow keys to explore and Escape to release.
Time windows zoom the sampled history; they do not recalculate the model. Summaries below always use the latest snapshot.
- Price level
- Mark price
- Longs
- Shorts
- Distance from mark at this time
Unavailable or stale inputs
Near the latest mark price ±5%
- Longs
- $100.7M
- Shorts
- $129.7M
Totals include buckets whose centres fall inside the selected distance. They are modeled exposure, not expected losses or a price forecast.
Explore all price levels (54)
Snapshot: all populated price buckets. Long and short values are shown separately.
| Price level | Longs | Shorts |
|---|---|---|
| $135.58 – $136.49 | $0 | $4.8M |
| $134.66 – $135.58 | $0 | $7.7M |
| $133.75 – $134.66 | $0 | $1.5M |
| $132.83 – $133.75 | $0 | $31.3M |
| $131.92 – $132.83 | $0 | $21.8M |
| $131.00 – $131.92 | $0 | $11.9M |
| $130.09 – $131.00 | $0 | $20.3M |
| $129.17 – $130.09 | $0 | $16.5M |
| $128.26 – $129.17 | $0 | $16.8M |
| $127.35 – $128.26 | $0 | $20.9M |
| $126.43 – $127.35 | $0 | $5.5M |
| $125.52 – $126.43 | $0 | $47.1M |
| $124.60 – $125.52 | $0 | $25.6M |
| $123.69 – $124.60 | $0 | $25.6M |
| $122.77 – $123.69 | $0 | $15.8M |
| $121.86 – $122.77 | $0 | $10.7M |
| $120.94 – $121.86 | $0 | $4.8M |
| $120.03 – $120.94 | $0 | $112,261 |
| $120.38 | Mark price | |
| $119.12 – $120.03 | $410,718 | $0 |
| $118.20 – $119.12 | $7.0M | $0 |
| $117.29 – $118.20 | $13.8M | $0 |
| $116.37 – $117.29 | $28.5M | $0 |
| $115.46 – $116.37 | $23.0M | $0 |
| $114.54 – $115.46 | $28.1M | $0 |
| $113.63 – $114.54 | $15.7M | $0 |
| $112.71 – $113.63 | $12.3M | $0 |
| $111.80 – $112.71 | $13.6M | $0 |
| $110.88 – $111.80 | $15.6M | $0 |
| $109.97 – $110.88 | $21.9M | $0 |
| $109.06 – $109.97 | $40.4M | $0 |
| $108.14 – $109.06 | $14.0M | $0 |
| $107.23 – $108.14 | $21.9M | $0 |
| $106.31 – $107.23 | $31.3M | $0 |
| $105.40 – $106.31 | $18.3M | $0 |
| $104.48 – $105.40 | $11.8M | $0 |
| $103.57 – $104.48 | $7.5M | $0 |
| $102.65 – $103.57 | $1.5M | $0 |
| $101.74 – $102.65 | $10.5M | $0 |
| $100.83 – $101.74 | $1.7M | $0 |
| $99.91 – $100.83 | $13.2M | $0 |
| $99.00 – $99.91 | $2.7M | $0 |
| $98.08 – $99.00 | $6.9M | $0 |
| $97.17 – $98.08 | $1.6M | $0 |
| $96.25 – $97.17 | $3.2M | $0 |
| $95.34 – $96.25 | $8.2M | $0 |
| $94.42 – $95.34 | $2.0M | $0 |
| $93.51 – $94.42 | $4.1M | $0 |
| $92.59 – $93.51 | $1.3M | $0 |
| $91.68 – $92.59 | $2.3M | $0 |
| $90.77 – $91.68 | $2.0M | $0 |
| $89.85 – $90.77 | $2.9M | $0 |
| $88.94 – $89.85 | $269,358 | $0 |
| $88.02 – $88.94 | $3.8M | $0 |
| $87.11 – $88.02 | $2.6M | $0 |
XRP Mark price $1.5115
Modeled exposure, both sides: $321.8MModel time:
Largest short cluster above: $1.6299 (+7.8% away) · $15.1M
Largest long cluster below: $1.4306 (-5.4% away) · $19.5M
Scroll horizontally to explore the full time axis.
Hover or tap the chart to inspect a level. Click to pin; use arrow keys to explore and Escape to release.
Time windows zoom the sampled history; they do not recalculate the model. Summaries below always use the latest snapshot.
- Price level
- Mark price
- Longs
- Shorts
- Distance from mark at this time
Unavailable or stale inputs
Near the latest mark price ±5%
- Longs
- $31.6M
- Shorts
- $42.3M
Totals include buckets whose centres fall inside the selected distance. They are modeled exposure, not expected losses or a price forecast.
Explore all price levels (52)
Snapshot: all populated price buckets. Long and short values are shown separately.
| Price level | Longs | Shorts |
|---|---|---|
| $1.7857 – $1.7981 | $0 | $1.6M |
| $1.7732 – $1.7857 | $0 | $777,001 |
| $1.7608 – $1.7732 | $0 | $458,268 |
| $1.7483 – $1.7608 | $0 | $1.1M |
| $1.7358 – $1.7483 | $0 | $4.9M |
| $1.7234 – $1.7358 | $0 | $743,083 |
| $1.7109 – $1.7234 | $0 | $1.2M |
| $1.6985 – $1.7109 | $0 | $1.2M |
| $1.6860 – $1.6985 | $0 | $9.2M |
| $1.6735 – $1.6860 | $0 | $12.7M |
| $1.6611 – $1.6735 | $0 | $9.3M |
| $1.6486 – $1.6611 | $0 | $10.1M |
| $1.6361 – $1.6486 | $0 | $9.9M |
| $1.6237 – $1.6361 | $0 | $15.1M |
| $1.6112 – $1.6237 | $0 | $4.6M |
| $1.5988 – $1.6112 | $0 | $5.1M |
| $1.5863 – $1.5988 | $0 | $9.9M |
| $1.5738 – $1.5863 | $0 | $5.0M |
| $1.5614 – $1.5738 | $0 | $14.1M |
| $1.5489 – $1.5614 | $0 | $11.3M |
| $1.5365 – $1.5489 | $0 | $6.6M |
| $1.5240 – $1.5365 | $0 | $3.3M |
| $1.5115 – $1.5240 | $0 | $2.0M |
| $1.5115 | Mark price | |
| $1.4866 – $1.4991 | $821,035 | $0 |
| $1.4742 – $1.4866 | $5.5M | $0 |
| $1.4617 – $1.4742 | $6.4M | $0 |
| $1.4492 – $1.4617 | $3.6M | $0 |
| $1.4368 – $1.4492 | $15.2M | $0 |
| $1.4243 – $1.4368 | $19.5M | $0 |
| $1.4119 – $1.4243 | $7.8M | $0 |
| $1.3994 – $1.4119 | $5.1M | $0 |
| $1.3869 – $1.3994 | $13.1M | $0 |
| $1.3745 – $1.3869 | $10.1M | $0 |
| $1.3620 – $1.3745 | $9.9M | $0 |
| $1.3496 – $1.3620 | $17.6M | $0 |
| $1.3371 – $1.3496 | $18.2M | $0 |
| $1.3246 – $1.3371 | $7.7M | $0 |
| $1.3122 – $1.3246 | $2.4M | $0 |
| $1.2997 – $1.3122 | $3.0M | $0 |
| $1.2873 – $1.2997 | $3.7M | $0 |
| $1.2748 – $1.2873 | $6.9M | $0 |
| $1.2623 – $1.2748 | $2.8M | $0 |
| $1.2499 – $1.2623 | $3.9M | $0 |
| $1.2374 – $1.2499 | $4.7M | $0 |
| $1.2250 – $1.2374 | $2.0M | $0 |
| $1.2125 – $1.2250 | $696,833 | $0 |
| $1.2000 – $1.2125 | $1.2M | $0 |
| $1.1876 – $1.2000 | $1.9M | $0 |
| $1.1751 – $1.1876 | $1.8M | $0 |
| $1.1627 – $1.1751 | $3.7M | $0 |
| $1.1502 – $1.1627 | $1.4M | $0 |
| $1.1377 – $1.1502 | $696,833 | $0 |
How this map is built — and what it can't tell you
Liquidation depends on an account’s equity and maintenance requirements, including its position size, collateral, margin mode and fees. This page does not observe those account details. It places illustrative liquidation levels around assumed entries and leverage settings.
Methodology — the exact model behind this map
Inputs are completed hourly mark-price candles and base-unit open interest. The open-interest timestamp is the period end, matched to the candle that has just closed. The current unfinished candle is excluded. USDT prices are treated as a USD proxy; other display currencies use the site’s FX conversion, not an observed USDT/USD exchange rate.
Only a positive change in base-unit open interest adds modeled positions. Changes in dollar-valued open interest do not establish new positions. Because open interest counts one side of a matched contract, the full base-unit increase is assigned to each side, not halved. Each historical column values surviving quantities at its own mark price. The combined long-plus-short total is not reported open interest.
The assumed leverage mix is 10× at 30%, 25× at 30%, 50× at 25% and 100× at 15%. With entry P, leverage L and a flat 0.4% maintenance rate MMR on current notional, the model uses P × (1 − 1/L) / (1 − MMR) for longs and P × (1 + 1/L) / (1 + MMR) for shorts. This illustrative isolated-margin calculation excludes fees, funding and tier deductions; it does not reproduce an exchange’s actual account rules.
Entry is assumed at the completed hour’s closing mark. Later mark lows clear modeled longs they reach; later mark highs clear modeled shorts. A fall in open interest proportionally reduces surviving quantities by current OI / previous OI; zero clears both sides. Missing observations or hourly gaps discard uncertain cohorts and restart the baseline. These are assumptions about unobserved positions, not confirmed liquidations.
The chart has 56 price buckets and at most 120 sampled time columns. The ladder is the final column, including all populated price buckets. Colour bands end at 4%, 16%, 36%, 64% and 100% of each coin chart’s peak cell value. The latest model is downloadable as CSV. At least 24 aligned completed hours are required; inputs older than two hours are unavailable. Model and retrieval times are shown; reload the page for newer data.
Frequently Asked Questions
What is a liquidation heatmap?
It is a price-and-time view of illustrative liquidation levels. Here, bars show model-derived exposure under stated entry and leverage assumptions, not measured account positions.
Is this real data or an estimate?
The mark prices and open-interest observations are real inputs. The inferred positions, leverage distribution, entry times, closures and liquidation levels are assumptions. Neither the shape nor a single value is a validated prediction.
Why do liquidation levels cluster at certain prices?
Our assumed leverage tiers and entry prices create the clusters. This does not establish that traders used those settings; changing the assumptions changes the pattern.
Do prices really get pulled toward liquidation clusters?
This model provides no evidence of predictive attraction. Actual forced buying or selling can affect a market, but the chart does not establish where such orders exist or how much liquidity would absorb them.
How is this different from your liquidation tracker?
The liquidation tracker shows reported liquidation orders or executions from its covered venues, within the stated feed and archive limits. This heatmap models hypothetical liquidation levels from mark-price and open-interest observations. Its modeled exposure is different from those reported events.