What are liquidations?
When a trader uses leverage and the market moves against them, the exchange automatically closes their position to prevent losses exceeding their deposit. This is called a liquidation. L = Long liquidated (price dropped, buyer wiped out). S = Short liquidated (price rose, short seller squeezed). Large clusters of liquidations often mark turning points.
💡 What to watch for
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Long cascade
Many long liquidations in quick succession = price dropping fast. Each liquidation pushes price lower, triggering more.
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Short squeeze
Many short liquidations = price spiking up. Short sellers forced to buy, driving price even higher.
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Large single event
A single liquidation over $1M often marks a local top or bottom as a major player gets wiped out.
Total liquidated
—
0 events tracked
Largest single event
—
—
Long liquidations
0
50% of total · buyers wiped out
Short liquidations
0
50% of total · short squeeze
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Long vs Short
▲ 50% Longs▼ 50% Shorts
⚖️ Balanced liquidations — no clear directional pressure from forced closes.