Bitcoin liquidations, last 24 hours
Forced closures in the OKX BTC-USDT perpetual, split by long and short side.
Forced closures in the OKX BTC-USDT perpetual, split by long and short side.
- Liquidated volume
- $596.2K
- Liquidated positions
- 100
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How to read the chart
A liquidation is the forced closure of a leveraged position: when the collateral no longer suffices after a price move, the exchange closes the position. When many positions are liquidated on the long side, the price has fallen, on the short side it has risen. Every forced closure is itself a sale or purchase in the market and so amplifies the move that triggered it.
The chart shows both sides over the last 24 hours. When one side clearly dominates, the market has caught most leveraged traders on the wrong foot. Large waves of liquidations often coincide with a sharp drop in open interest.
How this number is produced
Forced closures in the OKX BTC-USDT perpetual over the past 24 hours, split by long and short side. Volume is contract count times contract size times bankruptcy price.
What it does not say
This is one exchange and one contract, not the whole market. Aggregated market-wide liquidations are only available commercially. The absolute figure is therefore not comparable with other providers, though the trend and the balance between both sides are.
- Source
- OKX
- Update interval
- 10 min
- CC BY 4.0
- CC BY 4.0
Frequently asked questions
What is a liquidation in crypto futures?
Traders using leverage put up only part of the position value as collateral. If the price moves against the position and the collateral falls below the required minimum, the exchange closes the position by force. The collateral is then lost entirely or for the most part.
Is this a liquidation heatmap?
No. A liquidation heatmap estimates at which prices many positions would be liquidated in the future and colours those price zones. The chart here shows liquidations that actually happened at OKX over the last 24 hours. The heatmap is an estimate of possible liquidations, this number a record of what has already happened.
Why does the chart only show OKX?
OKX publishes the individual forced closures freely, with side, size and price. Figures across all exchanges are only available from paid providers. The absolute amount is therefore smaller than the market total. The split between the long and the short side can still be compared with other sources.
If you want to buy or sell based on these numbers, you can compare the fees and regulation of providers here: Crypto exchanges compared