– liquidated in the last 24 hours
Sized by liquidations in the last 24 hours
Daily longs (up) and shorts (down) on every tracked exchange, with price
Top 100 perpetual futures markets by open interest · sort any column
| # | Coin | Price | 24h | 1h | 4h | 12h | 24h liquidations | Longs / shorts (24h) | Open interest | Liq. / OI |
|---|---|---|---|---|---|---|---|---|---|---|
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A liquidation is the forced closing of a leveraged position. When a trader opens a long or short with borrowed funds, the exchange holds part of their collateral as margin. If the price moves against them far enough that the margin left falls below the maintenance margin, the exchange closes the position at market and keeps what remains. This page totals those forced closings across the largest crypto derivatives exchanges.
Long liquidations happen when the price falls and traders who bet on a rise are forced to sell. Short liquidations happen when the price rises and traders who bet on a fall are forced to buy back. Because every liquidation is a market order in the direction of the move, a large wave of them can accelerate the move into a liquidation cascade.
Most liquidations come from leverage that is too high for normal volatility. A 20x position is liquidated by a move of about 5%, which Bitcoin can make in an hour and smaller coins in minutes. Lower leverage, isolated margin, a stop-loss placed before the liquidation price and a buffer of spare margin all reduce the risk. Check funding rates too: a crowded, expensive side is the one most likely to be squeezed.
Live answers use the last 24 hours · updated
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A liquidation is the forced closing of a leveraged position by the exchange. It happens when a trader’s losses use up so much of their margin that it falls below the maintenance margin the exchange requires. The exchange then closes the position at market to stop the loss from growing beyond the trader’s collateral.
Long liquidations hit traders who bet on a rise and are forced to sell when the price falls. Short liquidations hit traders who bet on a fall and are forced to buy when the price rises. A wave of long liquidations adds selling pressure on the way down; a wave of short liquidations, often called a short squeeze, adds buying pressure on the way up.
A liquidation cascade is a chain reaction. Each forced market order moves the price a little further, which pushes the next group of positions past their liquidation price, and so on. Cascades explain the long wicks seen on crypto charts and the days when hundreds of millions of dollars are liquidated within an hour.
For an isolated USDT-margined position, the liquidation price is roughly the entry price × (1 − 1 / leverage + maintenance margin rate) for a long, and the entry price × (1 + 1 / leverage − maintenance margin rate) for a short. A 10x long opened at $100,000 with a 0.5% maintenance margin is liquidated near $90,500. Exchanges also count fees, funding and tiered margin rates, so use the calculator on this page as an estimate and check your exchange’s own figure.
Use lower leverage, size positions so a normal daily move cannot reach your liquidation price, and set a stop-loss well before it. Isolated margin limits the loss to one position. Watch funding rates and open interest: crowded, high-leverage markets are the ones most likely to see a cascade.
Sometimes. A very large long liquidation day often clears out excess leverage and can mark a local bottom, and a large short squeeze can mark a local top. It is not a reliable signal on its own. Compare the size of the flush with open interest, and check whether the price holds once the liquidations stop. Coinperps does not give trading advice.
Coinperps aggregates liquidation orders reported by 10 derivatives exchanges, including Binance, OKX, Bybit and Hyperliquid, and refreshes the totals every few minutes. Some exchanges throttle or batch their liquidation feeds, so the true totals are likely higher than any aggregator reports.
Liquidation totals are aggregated from exchange feeds and refresh every few minutes. Some exchanges report only part of their liquidations. Not financial advice. Methodology