Live liquidations
Every row below is a leveraged position being closed by the exchange, streamed live as it happens. The feed starts when you open the page — it is a live window, not a history.
| Time | Pair | Side liquidated | Price | Size | Value |
|---|---|---|---|---|---|
| Waiting for the first liquidation… quiet markets can take a minute. | |||||
What a liquidation actually is
A leveraged position is backed by margin. When price moves far enough against it that the margin no longer covers the loss, the exchange closes the position itself at market — it does not ask. That forced market order pushes price further in the same direction, which can push the next position over its own threshold. That chain is a liquidation cascade, and it is why a 3% spot move can print a 10% wick on a leveraged pair.
Work out your own level with the liquidation calculator before opening a position, not after.
Why there is no liquidation heatmap here
The heatmaps you have seen elsewhere are estimates built from proprietary order-book and position data, sold on paid tiers. No exchange publishes where stops and liquidation levels actually sit — a genuine map of that data does not exist publicly, and a free one built from guesswork would be a picture, not information. This page shows what is genuinely observable: the liquidations themselves, as they print. Pair it with open interest to see whether the cascade is shrinking the leveraged pile or just churning it.
How to read the feed
- “Long liquidated” means a buyer was force-sold. A run of these is price falling through leveraged longs.
- Clusters matter more than size. One $2m liquidation is noise; forty in ninety seconds is a cascade.
- This is one exchange at a time. The feed streams from Binance, or from OKX where Binance is unreachable — the indicator says which. Either way, market-wide totals are several times what you see here.
- Quiet is normal. In calm markets minutes pass with nothing. That itself is information.