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BTC · Liquidations · Live

BTC liquidations, live

A liquidation is a leveraged Bitcoin position the exchange closed because its margin ran out. This page shows the BTC liquidations that printed on three CEX venues, longs and shorts in USD.

Open chart

BTC liquidations, resting liquidity and whale prints on one live chart. Free with an account, no card.

  • Modeled · estimates

    Where BTC liquidations might happen

    A liquidation heatmap estimates the bands from open interest and guessed leverage and entry prices. No one can see those positions.

  • Measured · what Markov shows

    What printed, and where size rests

    The BTC liquidations that happened, sized in dollars. The chart adds a liquidity heatmap, the orders really resting on the book, under the candles.

BTC liquidations, explained

BTC on Hyperliquid, from Markov's record

Over 670 hours fully recorded from 14 Oct 2026 to 11 Nov 2026 (UTC), BTC open interest on Hyperliquid ran from 38,038 BTC to 45,834 BTC, and stood at 40,645 BTC (about $3.03B) at the last hour. Its largest fall between two UTC day closes was 8.1%, on 4 Nov 2026. Funding there averaged 0.0011% an hour (about 9.9% a year), ranged from -0.0018% to 0.0013% an hour, and was below zero for 15 of 670 hours.

Measured from Markov's record of Hyperliquid's own open interest and funding, kept hourly. The live liquidations on this page come from the venues, read in your browser, and Markov's recorded liquidation totals aren't published here. Not advice.

From the Markov blog

BTC liquidation heatmap: what it shows and how to read one

Published November 7, 2026

  • Measured
  • Source: 3 CEX, live and recorded
  • Freshness: As they print

How to read it

Long liquidations are forced sells, short liquidations forced buys, so a burst can push price further the same way. It shows where leverage was flushed, context for the next test of that level, not where BTC goes next. On 5m the chart labels bars with $250k or more, and longer bars need more.

Where it comes from

Each venue's public liquidation stream, read live in your browser. CEX 1 and CEX 2 send at most one liquidation a second, so totals are a floor.

Paid plans also see recorded liquidations of $10k and more on 1h and 4h charts, from the day Markov began recording. A stretch the collector missed is marked "not recorded", never filled in.

Glossary: liquidation, liquidation heatmap. See the data sources. Research tools and education, not financial advice.

Questions.

Is this a BTC liquidation heatmap?

No. A liquidation heatmap models where BTC liquidations could happen. This page shows the ones that printed, and the chart's liquidity heatmap shows orders really resting on the book. Markov doesn't draw projected liquidation levels.

Why do I see no CEX 1 or CEX 3 BTC liquidations?

Both refuse connections from some networks, including the US. The panel says so and retries every 15 seconds. CEX 2 usually connects.

Is the BTC liquidation feed free?

Yes. The panel on this page and the BTC chart open with a free account.

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