Bitcoin and crypto liquidations today
A liquidation is the forced closing of a leveraged position: the exchange closes it itself once the margin no longer covers the loss. Over the last 24h, $111.7M was liquidated on Binance, Bybit, OKX and Gate: $61.89M of longs and $49.81M of shorts, the most in BTC ($25.05M). More liquidated longs means the price fell and knocked out those betting on a rise; more shorts means a rally squeezed the sellers.
Snapshot as of · Source: public liquidation streams of Binance, Bybit, OKX and Gate, collected by Sufics.
The largest liquidation of the day: a BTC long on Binance for $1.18M, at 13:30 UTC.
Liquidations over 1, 4, 12 and 24 hours
| Window | Longs | Shorts | Total | Long share |
|---|---|---|---|---|
| 1h | $1.82M | $471.15k | $2.29M | 79% |
| 4h | $9.7M | $4.3M | $14M | 69% |
| 12h | $22.14M | $15.53M | $37.67M | 59% |
| 24h | $61.89M | $49.81M | $111.7M | 55% |
Which assets saw the most liquidations
| Asset | Price, 24h | Longs | Shorts | Total |
|---|---|---|---|---|
| BTC | −0.7% | $15.78M | $9.27M | $25.05M |
| ETH | −0.6% | $10.95M | $8.8M | $19.75M |
| Q | +44.5% | $3.51M | $6.75M | $10.27M |
| SOL | −1.2% | $3.1M | $1.18M | $4.28M |
| SNDK | +1.7% | $1.8M | $1.73M | $3.53M |
| ZEC | +1.6% | $1.09M | $2.2M | $3.29M |
| BTW | −7.7% | $861.92k | $2.34M | $3.21M |
| DOOD | −15.8% | $1.46M | $1.61M | $3.07M |
| SOXL | +8.8% | $1.27M | $1.11M | $2.38M |
| XAG | −1.7% | $2.06M | $25.93k | $2.09M |
The totals cover every perpetual contract on the four exchanges: besides crypto, that includes contracts on stocks and funds. 818 more assets with liquidations today are in the dashboard.
Liquidations by exchange over 24 hours
| Exchange | Longs | Shorts | Total | Long share |
|---|---|---|---|---|
| Binance | $36.05M | $30.62M | $66.66M | 54% |
| Bybit | $7.73M | $7.99M | $15.73M | 49% |
| OKX | $12.9M | $8.26M | $21.16M | 61% |
| Gate | $5.2M | $2.94M | $8.14M | 64% |
How the liquidation price is calculated and why 20× leverage is wiped out by a 5% move: see “Leverage in trading explained”.
BTC and ETH liquidation heatmap
Where, according to the model, the liquidation prices of open leveraged positions on Binance have piled up. The colour shows how many dollars of positions get liquidated if the price reaches that level: dark purple means almost none, crimson a medium amount, light yellow the most. The scale sits next to the map; the “scale cap” paints everything above the chosen share of the maximum in the brightest colour, so weaker clusters stay visible. It is an estimate, not the exchange’s positions and not a trading signal.
Heatmap methodology: an open formula
- Each bar's growth in Binance open interest counts as new positions, split equally between longs and shorts: every contract has two sides. Entries are spread evenly across the bar's range.
- Positions are spread across leverage: 5× 3%, 10× 8%, 12× 4%, 15× 5%, 20× 15%, 25× 15%, 33× 8%, 50× 20%, 75× 6%, 100× 13%, 125× 3%. The mix is an assumption: the exchange does not publish it.
- A liquidation level is the entry price × (1 ∓ 1/leverage ± 0.5% maintenance margin): a 25× long from 100 is liquidated near 96.5.
- A level clears once the price reaches it: longs by the bar's low, shorts by its high. When open interest falls, all live levels shrink in the same proportion.
What the map does not show: actual positions and their leverage (exchanges do not disclose them), positions on other exchanges, cross margin, where liquidation depends on the whole account, and stop orders. Model liq-heatmap/2; candles and open interest come from the public Binance API, cached on the server for a minute, and your browser does the computing. Chart times are UTC.
A detailed explanation of how to read the map and what it does not show is in the article "Liquidation heatmap: how to read it".
Liquidation price and position size calculator
Liquidation price ≈ entry × (1 − 1/leverage + maintenance margin) for a long and × (1 + 1/leverage − maintenance margin) for a short. Position size is the risk per trade divided by the distance to the stop. This is an estimate for isolated margin: the exchange computes the exact price from the mark price, with risk tiers and fees.
- Liquidation price
- 54,240
- Distance to liquidation
- 9.6%
- Stop price
- 58,500
- Position size
- $2,000
- Margin
- $200
- Loss at the stop
- $50
The stop sits closer than the liquidation price: the position closes at the stop before the exchange liquidates it.
Frequently asked questions
What is a liquidation on a crypto exchange?
The forced closing of a leveraged position. When the loss eats almost all of the margin, the exchange closes the position at market so the debt never exceeds the margin. The higher the leverage, the closer the liquidation price sits to the entry: at 20× a move of about 5% against the position is enough.
What do “longs liquidated” and “shorts liquidated” mean?
A long is a bet on a rise, a short is a bet on a fall. Liquidated longs mean the price dropped and knocked out leveraged buyers; liquidated shorts mean it rose and knocked out sellers. The side is the side of the closed position, not of the order: a long is liquidated by a sell.
What is a bitcoin liquidation heatmap?
An estimate of the prices at which liquidation levels of open leveraged positions have piled up. Exchanges do not publish their clients’ positions, so every such map, CoinGlass included, is a model rather than exchange data. The BTC and ETH map on this page is computed by an open formula from open-interest growth and Binance candles; the methodology and leverage mix are described below the map.
Why do the numbers differ from CoinGlass?
This page covers four exchanges, Binance, Bybit, OKX and Gate, not every venue. Binance publishes at most one liquidation per contract per second in its public stream, so its totals are understated for anyone who collects that stream. Gate sends order size as a whole number of contracts, so orders smaller than one contract are left out. On the other hand, the totals include every perpetual contract on these exchanges, stock contracts too.
How often is the data updated?
The liquidation streams are collected around the clock; the page computes its snapshot when it opens, and it is never older than ten seconds. The snapshot time is shown above the tables in UTC.
The Sufics dashboard has the whole tab: a liquidation-level heatmap for any coin, a real-time order feed, history back to 2024 and open interest by exchange. Full access opens after you sign up and we have a short talk.