Most liquidated · 24h –  

Liquidations by coin

Sized by liquidations in the last 24 hours

 

BTC liquidations history

Daily longs (up) and shorts (down) on every tracked exchange, with price

Crypto liquidations by coin

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
 
 
 
 
 
 
 
 
 
 

Crypto liquidations right now

Loading live liquidation data…

What are crypto liquidations?

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.

How to use liquidation data

  • Read the balance. Mostly long liquidations means leveraged buyers were flushed on a drop; mostly short liquidations means a squeeze on a rally. A heavy one-sided flush often resets funding and open interest.
  • Compare with open interest. The Liq. / OI column shows how much of a market’s open positions were wiped out in a day. A high figure on a small coin is a bigger event than a large dollar figure on Bitcoin.
  • Look for the next cluster. Past liquidations show where leverage was; the liquidation heatmaps estimate where it still is, so you can see the levels that could trigger the next cascade.
  • Put spikes in context. The history chart and the biggest liquidation days show whether today is a routine session or one of the large deleveraging events.

How to avoid liquidation

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.

Crypto liquidations FAQ

Live answers use the last 24 hours · updated

How much crypto was liquidated today?

Loading live data…

Which coin had the most liquidations today?

Loading live data…

Were more longs or shorts liquidated today?

Loading live data…

Which exchange has the most liquidations?

Loading live data…

What is a crypto liquidation?

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.

What is the difference between long and short liquidations?

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.

What is a liquidation cascade?

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.

How is the liquidation price calculated?

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.

How can I avoid being liquidated?

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.

Do large liquidations mark market tops and bottoms?

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.

Where does the liquidation data come from?

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 heatmaps

Liquidation totals are aggregated from exchange feeds and refresh every few minutes. Some exchanges report only part of their liquidations. Not financial advice. Methodology