Bitcoin liquidation heatmap and order book liquidity heatmaps, free
Loading the record…
Loading…
Reading the maps
- Liquidation model
- A model, labelled projected. Positions opened in each bar are placed by the change in open interest and the side of the aggressive flow, and each is given the liquidation price its leverage implies. A band is drawn from the moment it forms until price trades through it. The grey base layer comes from price structure alone and spans the whole window; the coloured layer comes from measured positioning and reaches about a fortnight.
- Order book
- A measurement: resting size at each price, over time. Bright is heavy. Binance perp is the deepest single book — its diff stream publishes the whole book rather than a window around the touch, so it reaches about $4,000 from mid where most venues reach under $70 — and every hour of it is reduced once into an archive that reaches as far as the capture does, so every window is offered. All perps sums twelve perpetual books and All spot sums seven spot books; the two are never added together, because a perpetual book is leveraged positioning and a spot book is somebody's coins. An aggregate is clipped to the distance every venue in it covers, and the note says which venue set that distance. Hyperliquid is that venue's own book at the $100 grouping that reaches far enough to draw.
- Hyperliquid positions
- The only measured liquidation levels anywhere on this site. Hyperliquid publishes every account's positions, so where its traders are actually liquidated is a fact about the venue rather than a model of one — and its resting take-profits and stops are visible too, which no order book can show, because a trigger order does not rest as size until its price is touched. Accounts are read one at a time inside the venue's rate limit and are found in its trade feed, which names both sides of every print. Each picture says how many accounts it was built from, what share of Hyperliquid's own published open interest they account for, and how old its oldest reading is. It is a sweep in progress, not a census.
- Window
- Twelve hours to a year for the liquidation model and the Binance book, which are sliced out of reduced archives. Every map keeps its record for good and offers every window: each order book is reduced an hour at a time into an archive of its own, and the Hyperliquid position snapshots are kept as they are written. The maps therefore reach further back every day the capture runs. A window longer than a map's record is answered with the record, and the note under the picture says how far it actually reaches — the spot books, Hyperliquid's book and the position maps began on 2026-09-19.
- Schedule
- Windows up to two days are retaken every fifteen minutes, longer ones hourly. The time the picture was taken and the time the next is due are in the toolbar.
- Weight
- The liquidation model has been forward-tested on none of these windows and carries zero weight in the Terminal's trade decisions.
A liquidation heatmap is a model, and this one says so. Nobody publishes where every leveraged position sits, so a liquidation heatmap cannot be observed — it is built. This one reads recorded open interest bar by bar, works out which side opened and how much, and places where those positions would be forced out at the leverages people actually use. Observed liquidations, the ones the venues report after the fact, are the histogram lower down the page and are a different thing entirely.
An order book liquidity heatmap is observed. The four book maps are resting limit orders at each price through time, rebuilt from the venues' own depth feeds by snapshot and diff with sequence checking — Binance's perpetual, every perpetual summed, every spot venue summed, and Hyperliquid. Where a wall sat and when it was pulled is a fact about the book, not a projection.
All of it is free and needs no account. The live versions, drawn behind a Bitcoin footprint chart rather than as scheduled pictures, are in the Terminal; the flow that moves these levels is on the orderflow page.