Liquidations
The volume of forcefully closed positions. Up — short liquidations, down — long liquidations.
What the metric shows
Liquidations are the most direct measurement of pain in the market. Green bars upwards mean shorts got washed out (price rose sharply), red bars downwards mean longs got washed out (price fell sharply).
Large individual spikes almost always mark local extremes: after the leverage is flushed, the market moves more calmly for a while. The most interesting signals are not the size itself, but the asymmetry: when one side gets liquidated time after time.
How it is calculated
How to read the signal
| Zone | Value | Interpretation |
|---|---|---|
| Long cascade > 300M$ | Panic sell-off, often a local bottom | |
| Normal background | Market without extremes | |
| Short cascade > 300M$ | Short squeeze, often a local top |
Frequently Asked Questions
Why is the data incomplete?
Exchanges provide liquidations with limits and delays — this is a known nuance of all aggregators, including paid ones.
What is a liquidation map?
This is a different metric — a forecast of where liquidation levels lie, not the fact of what has already happened. Will be a separate page.
Why is it in PRO?
Hourly history is heavy to store, so we give away a year for free.