Bitcoin liquidation heatmap and order book liquidity heatmaps, free
Liquidated 24h, observed
Longs closed
Shorts closed
What this is
This chart shows the liquidations the venues reported, summed across the markets that report in BTC, in 15-minute buckets that run 15 minutes behind. These are real liquidations, while the liquidation heatmap is a model.
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Professional+ Live on the chart. The desktop Terminal draws both maps live on the chart at one-minute resolution. It marks absorption where the book stands in a zone's way, lets you set the leverage tiers the model assumes, and shows liquidations per minute and per venue. PricingTry for free
How to read the maps
- Liquidation model
- The liquidation map is a model, and it is labelled projected. For each bar, new positions are placed using the change in open interest and the side of the aggressive flow, and each gets the liquidation price its leverage implies. A band runs from when it forms until price trades through it. Color shows size and opacity shows age. A band fades in a straight line to 5% over six months, then holds at 5% until price trades through it. It also loses 2% of its opacity for every 1% that price moves away, down to the same 5%, so a new band 30% from price draws at 40%. It does not regain opacity when price comes back. Only new positions opening at a band make it brighter. Every window is cut from one replay of the full record, so a band at a given moment looks the same in every window. The grey base layer comes from price structure alone and spans the whole window. The colored layer comes from measured positioning and reaches back about two weeks.
- Order book
- The order book maps are measured. They show the resting size at each price over time, and brighter areas are heavier. Binance perp is the deepest single book. Its diff stream publishes the whole book instead of a slice around the touch, so it reaches about $4,000 from mid, where most venues reach less than $70. Each hour of it is reduced once into an archive that goes back as far as our recording, so every window is available. All perps sums twelve perpetual books and All spot sums seven spot books. The two are kept apart because a perpetual book is leveraged positioning and a spot book is coins someone owns. An aggregate sums every price any of its venues quotes. The note says how far from mid all of them reach and which venue's book ends first. Past that distance, fewer venues stand behind each price. Hyperliquid is that venue's own book, at the $100 grouping that reaches far enough to draw.
- Hyperliquid positions
- These are the only measured liquidation levels on this site. Hyperliquid publishes every account's positions, so its liquidation levels are read straight from the venue. Its resting take-profits and stops are visible too. No order book can show these, because a trigger order does not rest as size until its price is touched. We find accounts in the venue's trade feed, which names both sides of every trade, and read them one at a time within its rate limit. Each map states how many accounts it was built from, what share of Hyperliquid's published open interest they hold, and the age of its oldest reading. The sweep is still running and does not yet cover every account.
- Window
- Windows run from 24 hours to five years. The liquidation model and the Binance book are cut from reduced archives, and every map keeps its full record. Each order book is reduced an hour at a time into its own archive, and Hyperliquid position snapshots are stored as written, so the maps reach further back each day the recorder runs. A window the record does not cover yet is greyed out. Hover over it to see how far the record goes back. It turns on by itself once the record is long enough. The Binance and all-perps books start in August 2026. The spot books, Hyperliquid's book and the position maps start on 18 September 2026.
- Schedule
- The liquidation model is redrawn for all windows at once every 15 minutes. Order book windows up to five days are redrawn every 15 minutes and longer ones hourly. The toolbar shows when the current map was taken and when the next one is due.
- Weight
- The liquidation model has not been forward-tested on any of these windows. It carries zero weight in the Terminal's trade decisions.
A liquidation heatmap is a model. No venue publishes where every leveraged position sits, so the map has to be estimated. Ours reads recorded open interest bar by bar, works out which side opened and how much, and plots where those positions would be liquidated at the leverage traders commonly use. The observed liquidations chart on this page shows actual liquidations as the venues reported them after the fact.
An order book heatmap is measured. The four book maps show resting limit orders at each price over time for Binance perp, all perps summed, all spot summed and Hyperliquid. Each is rebuilt from the venue's own depth feed by snapshot and diff, with sequence checks. Where a wall sat and when it was pulled comes straight from the book.
All of it is free and needs no account. The Terminal draws live versions behind a Bitcoin footprint chart. The flow that moves these levels is on the orderflow page.