Crypto Liquidations — Live Liquidation Tracker

A liquidation is a forced closure: the moment a leveraged trader’s margin runs out, the exchange closes the position at market price, whether the trader is watching or not. This page streams those closures live from the three exchanges that publish them openly — Binance, OKX and Bybit — and pairs them with open interest across the largest derivatives venues.

What a liquidation actually is

Leverage is borrowed exposure. Put up $1,000 as margin at 10× and you control a $10,000 position — but you still only have $1,000 to absorb losses. Once the loss on that position approaches your margin, the exchange stops waiting: it closes the position itself to make sure the borrowed money comes back. That is a liquidation, and the margin is gone.

Two numbers decide when it happens: your leverage, which sets how far price can move against you, and the exchange’s maintenance margin — the thin cushion it keeps in reserve. At 10× leverage, roughly a 10% move against you is fatal. At 100×, roughly 1%. Bitcoin moves 1% in an ordinary hour.

Why liquidations arrive in cascades

Liquidations are not independent events. When a long position is liquidated, the exchange sells into the market — which pushes the price down — which pushes the next-highest cluster of longs past their own liquidation price. That sells more, and the chain continues until the leverage in that price band is exhausted. The same mechanism runs in reverse for shorts, where forced buying drives price up in what traders call a short squeeze.

This is why the long-versus-short split above matters more than the raw total. A billion dollars of long liquidations while price is falling tells you the crowd was leaning the wrong way and has just been cleared out. Balanced liquidations in both directions usually mean a violent, two-sided range rather than a trend.

Calculate your own liquidation price

Before entering any leveraged position, it is worth knowing the exact price at which you lose everything. Enter your numbers below.

How to read the data on this page

• Liquidated this session — total notional value of positions force-closed since you opened the page. Leave the tab open and it keeps accumulating.
• Long vs short split — which side of the market was carrying the leverage that just got cleared.
• Largest single — the biggest individual forced closure seen this session. Outsized prints often mark local turning points.
• Funding rate extremes — perpetual futures charge a fee every eight hours to keep their price tied to spot. A high positive rate means longs are paying to hold, i.e. the market is crowded long and vulnerable to a flush. Deeply negative rates mean the opposite.
• Open interest — the total value of perpetual positions still open. This is the fuel: cascades cannot be larger than the leverage currently in the system.

How traders avoid being on this page

• Size by liquidation distance, not by conviction. Decide how far price is allowed to move against you first, then pick leverage that survives it.
• Use a stop-loss well before the liquidation price. A stop closes the position on your terms and returns your remaining margin; a liquidation returns nothing and often fills at a worse price during a cascade.
• Treat high funding as a warning. If you are paying heavily to hold your side, you are on the crowded side of the trade.
• Prefer isolated margin. With cross margin, one bad position can pull your entire account balance into the liquidation.
• Respect the calendar. Thin weekend liquidity and scheduled macro events are when liquidation clusters get hunted.

Frequently asked questions

Why do the totals reset when I reload the page?

Because they are counted in your browser, not on our server. No free API publishes cross-exchange liquidation history, and paid feeds licensed for commercial use start in the hundreds of dollars per month. Rather than show numbers we cannot verify, we stream the real prints as they happen and tell you exactly what window they cover.

Which exchanges are included?

Binance USD-M futures, OKX swaps and Bybit linear perpetuals — the three large venues that publish liquidations on a free public feed. OKX and Binance stream every contract they list; Bybit offers no all-symbol channel, so this page subscribes to roughly 40 of its major markets. Hyperliquid, Bitget and Gate do not publish public liquidation feeds at all, and the aggregators that resell cross-exchange liquidation data license commercial use from several hundred dollars a month. So treat these totals as a large, honest sample rather than a market-wide figure.

One of the venue badges says it cannot connect. Why?

That venue’s stream is blocked on your network. Corporate firewalls, some VPNs, privacy extensions and country-level restrictions on exchange domains each stop different hosts, which is why the badges report per venue rather than all-or-nothing. Whatever still connects keeps counting, and the open interest table lower down is fetched by our server, so it works regardless.

Does a large liquidation event mean the price will reverse?

Not reliably. Large cascades do tend to cluster near local extremes, because they mark the point where one side’s leverage has been fully cleared — but plenty of trends continue straight through them. Liquidation data describes what has already happened to leveraged traders; it is context, not a signal.

What is the difference between a liquidation and a stop-loss?

A stop-loss is your own exit order, placed at a price you choose, and it returns whatever margin is left. A liquidation is the exchange’s forced exit once your margin is nearly gone, and it typically consumes all of it. See liquidity in our glossary for why forced exits fill so badly in fast markets.