Market Positioning: a liquidation map, a heatmap and a live liquidations feed
The derivatives panel in the terminal is now called Market Positioning. It estimates where leveraged positions would be liquidated, draws that on the chart, and streams the liquidations exchanges actually report — with a free public page at /crypto/liquidations.
One panel for positioning
The derivatives panel in the terminal has a new name, Market Positioning, and four tabs: Now, History, Liquidations and Feed. Open interest, funding and long/short ratios stay where they were. The two new tabs answer a different question: where leveraged traders get forced out of their positions, and where that is happening right now.
Liquidations: where the pain would be
Exchanges don't publish the prices at which open positions would be liquidated, so the Liquidations tab estimates them. It takes open interest bar by bar, splits it into longs and shorts, spreads it across 10x, 25x, 50x and 100x leverage and works out each group's liquidation price within 10% of the current price, over one day or seven. The panel labels the result for what it is: an estimate, not exchange data.
- Show on chart draws the levels as a profile at the price scale, behind the candles.
- Heatmap behind candles shows where those levels piled up over time and how price cleared them, in 5-minute columns over a day or 30-minute columns over a week.
Feed: liquidations as they are reported
The Feed tab is the factual side. It streams the forced closes the three largest crypto derivatives exchanges report, for the coin on your chart or for the whole market, over the last 1, 4 or 24 hours, filtered by size from $10K to $1M. Markers on the chart put a circle on each candle, sized by the amount liquidated in that bar, longs below and shorts above. A sound for new liquidations is there if you want it; it is off by default.
Read the totals as a floor. Exchanges throttle or sample what they publish, so the real amount liquidated is at least what you see, and often more. We keep 90 days of history.
A public page, no account needed
The reported liquidations also live on the site at /crypto/liquidations: the 24-hour total split into longs and shorts, totals by exchange for 1, 4 and 24 hours, the coins hit hardest and a live feed with a size filter. Market Positioning in the terminal is part of Pro — and while Premium is free, that means every signed-in account until 1 January 2027.
