Liquidate.Fun

About
BattlefieldIntelAbout
What this is

The market's forced moves,
drawn as a battlefield.

Liquidate.Fun is a live map of where traders are about to be wiped out — and a running record of when it happens. Every few hundred milliseconds the board redraws: the price moves, the heat around it shifts, and when price crosses a cluster of leverage you watch the liquidations land. One front per coin: BTC, ETH, SOL, BNB, XRP, DOGE, HYPE, ZEC, NEAR and TRX.

New here? Three things first
1

A liquidation is a forced sale

Borrow to bet bigger, lose more than your deposit covers, and the exchange closes the bet for you, at whatever the price is right then. You do not get a say.

2

The board shows where they would happen

Bets on a rise (longs) get closed below the current price. Bets on a fall (shorts) get closed above it. A bright band means a big pile of bets would be closed there.

3

Price gets pulled toward the piles

Each forced sale pushes price the same way the trader was wrong, which sets off the next one. That is why the biggest moves start where the piles are, and why the piles are worth watching.

Why liquidations

When you trade with you put down a deposit (the ) and borrow the rest. If price moves against you by more than the deposit covers, the exchange sells you out at whatever the price is: that is a liquidation.

Example. A $1,000 deposit at 10× controls $10,000 of BTC. A 10% move the wrong way uses up the deposit, and the exchange sells the whole $10,000 wherever price is. Many of these at one price is the fuel for the sharpest moves, because each sale pushes price toward the next.

Why a map

Where that leverage sits is knowable before it fires. Longs get liquidated below the price, shorts above it. Seeing the clusters tells you where a push pays off and where it is likely to run out.

Why a game

Because the shape of the thing is a battle: two sides, a front line, mines in the ground, walls, generals. The metaphor is not decoration — every element on the board is a real market object with a plain name underneath.

What you are looking at

The board, piece by piece

A simplified picture of the battlefield. The numbers point at each element; the key below says what it is in market terms.

Liquidate.Fun 82,431.5 +0.8% 24h Casualties 24h
$170M · $44M
Troops
OI $18.3B · 61% long
Order flow · 1m
$3.8M · $4.3M
10

Casualties

$170M longs · $44M shorts

Kill feed

LONG Binance$70K
SHORT Gate$18K
LONG Bybit$16K
est. heatmap$41K

Generals

Tango 84$59M short
Kilo 12$31M long
Echo 7$18M long
7 6
84,000
$3.3M · shorts
sell wall $21M
82,431 front line
buy wall $44M
82,000
$2.6M · longs
81,500Kilo 12 · liq 81,480
1 2 3 4 5 6

Order flow · 1m

$3.8M buying · $4.3M selling
Net perps −$500K

Liq leverage +  ⤢ BOARD ZOOM ±2% ▾  −

$691M shorts above · $2.23B longs below
Net ▼ $1.54B longs below

Dispatches

Skirmish · $305K shorts
3 shorts liquidated within a minute
Buy wall pulled
$44M @ 82,000 vanished as the front closed in
9 8
1 · Front line

The live price, a blend of several exchanges' marks so one venue's glitch does not move the whole board. Everything is drawn relative to it: longs live below, shorts above.

2 · Heat

The brighter a band, the more leveraged positions would be liquidated if price reached it. Dark ground is safe; white-hot is a cliff. It is an estimate, rebuilt every minute from several liquidation models and our own record.

3 · Minefields

The heaviest clusters within striking distance, armed. When price crosses one it is breached, and the board counts what was actually liquidated in the next 45 seconds, right on the breach's dispatch. Lighter than the map said? That entry turns into a dud — and we tell you. Each cluster's label also says how well it is covered: the orders resting where it would liquidate into, against the liquidations themselves. A $20M cluster with $50M of bids beneath it is a bump; a $300M cluster with $40M beneath it is a trapdoor, and its chip is red.

4 · Walls

Large resting orders near the price: buy walls below, sell walls above. A wall that stands for an hour is support or resistance. One that vanishes just before price touches it was never meant to fill. The strip of bars beside the price axis is the floor the walls stand on: every order resting at each 0.1% of price, bids in green below and asks in red above, summed across the ~40 books CLOBr aggregates. A wall is one stack on one book; the bars are everyone's. Hover a cluster and the strip brackets the orders its cover was counted from.

5 · Gunfire

Market orders hitting the book, as they happen: teal flashes are buys, red are sells, bigger flashes are bigger prints. The Order flow panel (top of the right column on desktop, header on phones) adds them up over your chosen window, with a dial each for perps and spot.

6 · Generals

The largest tracked positions, placed on the map at the price where they would be liquidated. When price gets close you get a boss fight; when it hits, a general has fallen.

7 · Kill feed

Confirmed liquidations as the exchanges report them, with side, venue and size. Entries marked est. are our estimate of liquidations the exchanges do not publish, inferred from the map and the price path.

8 · Dispatches

The battle in words: skirmishes, cascades, breaches, walls pulled, reinforcements. Each one is a moment — click it to replay the board as it was.

9 · The gauges

Two dials at the top of the right column on desktop. Order flow over a window you pick, buying against selling, with a dial each for perps and spot and the net under it. Liq leverage within a range you pick, shorts above against longs below, with the net under it: a model's estimate of what sits there, not a count (hover it for what the exchanges would report at the last 24 hours' ratio). The range you pick is also how much of the price axis the map shows, ±1% to ±10%, so the + and − there (or the list behind them) are the board's zoom: + is a tighter range, − a wider one. Under it, Support & resistance: the orders actually resting within that same range, summed across the spot and perp order books that CLOBr aggregates, asks above the price (resistance) against bids below (support), with the net under it. Read the two gauges together: the leverage gauge is the fuel, this one is what is there to absorb it. On a phone both sit in the header strip.

10 · The header

Casualties (24h liquidations, longs vs shorts), Troops (, , how many accounts are long), and, on a phone, Order flow and Liq leverage as cards you swipe through.

11 · For streamers

Add https://liquidate.fun/?overlay=1 as a browser source in OBS or Streamlabs (1920 × 1080; tick "control audio via OBS" if you want the sound). That is the battlefield alone with the header strip and the sponsor mark; the side columns, the timeline and the controls are gone, so you set it up from the address instead: &c=eth for the coin, &z=5 for the board zoom (1, 2, 3, 5, 8 or 10 percent), &sound=1 to start with the sound on (&vol=0.5 for the level), &off=trades,mines to leave layers off (trades, big, liqs, mines, cards, walls, depth, gens). For example https://liquidate.fun/?overlay=1&c=btc&z=3&sound=1&off=trades. Clips recorded on the board carry the same mark.

Before the field manual

Trading words, plainly

The field manual below explains the battlefield words (minefield, general, breach). These are the trading words underneath them. Anywhere on this page a word has a dotted line under it, hover or tap it for the same one-line meaning.

LeverageBetting with borrowed money so a small move pays, or costs, a lot. 10× means a 1% move is 10% to you.Most liquidations on the board are 20× to 100× bets.
MarginYour own deposit behind a leveraged bet. When it is gone, the bet is closed for you.$1,000 margin at 10× = a $10,000 position.
LiquidationThe exchange force-closing a bet that ran out of margin, at the market price at that moment.What the kill feed lists, and what the heat predicts.
Long · ShortA long is a bet price goes up, a short that it goes down. Longs die below the price, shorts above it.Green is long, red is short, everywhere on the site.
Open interestHow much money is in open bets right now, counted once. Fuel on the field.Troops in the header.
FundingA small fee longs and shorts pay each other every hour or eight. Positive: longs pay, the crowd leans long.Morale broke = it flipped sign.
Order flowWho is hitting the button: buying that lifts the price, selling that hits it, over the last minute.The tracers on the board.
Mark priceThe exchanges' fair price for a coin, blended from several markets, used to decide liquidations.The front line is a blend of several marks.
Perpetual futuresThe contracts most crypto leverage trades through: a bet on the price with no expiry date, kept in line with the real price by funding."Perps" for short.
Liquidation map · heatAn estimate of how much leverage would be liquidated at each price, from several models, checked against what really happens.An estimate, not a ledger. See "Estimates are estimates".
WallA very large order waiting at one price. Real support or resistance while it stands; a bluff if it vanishes as price nears.Wall pulled = it vanished.
Options · gammaBets on where price will be by a date. Where many of them cluster, the dealers who sold them trade to stay flat, which can pin price or whip it.The gamma and expected-move widgets on Intel.
Field manual

The words on the board

Longs · ShortsTraders betting up (longs) and down (shorts). Longs are liquidated when price falls, shorts when it rises — so the two sides sit on opposite sides of the front line.
MinefieldA heavy cluster of leverage close to the price. Armed while it stands; breached when price goes through it.
Breach · DudA breach is price crossing a minefield. A dud is a breach where nothing much was confirmed liquidated — the map was heavier than reality.
Covered · Cover pulledCovered is the orders resting beneath a cluster (down to the next cluster, or half a percent) divided by the cluster's estimated liquidations, from the live books of about forty venues, spot and perps. Green (1.05× and up) means the book can absorb the cluster; red (under 0.95×) means the forced selling (or buying) outruns the orders waiting for it and the move feeds itself; grey is the line between. Cover pulled is a dispatch for a cluster that was covered a few minutes ago and is not any more because the orders beneath it left — the clearest sign of market makers stepping away. The liquidations are a model's estimate; the orders are real, but they can be pulled in a second.
Support · ResistanceBids resting below the price are support, asks resting above it are resistance: limit orders waiting on the books across the exchanges CLOBr aggregates, summed within the board's range. Walls are the biggest single orders inside these totals.
Skirmish · CascadeOne side losing a meaningful amount within a minute is a skirmish; a much larger amount is a cascade — liquidations feeding on each other.
Wall · Wall pulledA wall is a large resting order. Wall pulled means it disappeared as price approached, before it could fill.
General · Boss fight · FallenA general is one of the largest tracked positions. Boss fight: price is within reach of its liquidation. Fallen: it was liquidated.
TroopsHow much money is in open bets right now (the technical term is ). $52B on BTC means $52B of positions that will all have to close one day, by choice or by force; rising while price is flat means fuel is building. Underneath: , the small fee one side pays the other — when longs are paying, the crowd leans long — and the share of accounts long against short (across Binance, Bybit, OKX, Bitget and Hyperliquid, each weighted by its open interest).
Reinforcements · Mass retreatOpen interest jumping or collapsing within a few minutes: positions piling in, or being closed and wiped out.
Morale brokeFunding flipped sign — the side that was being paid to hold now pays.
CasualtiesLiquidations over the last 24 hours, longs against shorts, across the major exchanges. The live feed is what the exchanges publish: Binance pushes at most one liquidation per contract per second, so a cascade there is under-reported — the estimator (marked ~) fills part of that gap, the 24h total comes from an aggregate that includes it.
Replay · War reportAny dispatch replays the board at that moment. The war report is the day's summary, published just after midnight UTC.
Reading the board

Three things worth watching

A push toward a minefield

When price drifts toward a heavy cluster, someone profits from getting it there — liquidations are forced market orders in the direction of the move. The closer and heavier the cluster, the more a push pays. Watch whether the gunfire leans that way too.

A wall that walks away

A buy wall that holds while price tests it is real demand. One that steps back every time price nears, then vanishes, was there to steer, not to buy. The dispatches call these out as wall pulled.

Flow against price

Price rising while the gunfire is mostly red — net selling — means someone is absorbing the sells. That usually resolves one of two ways: the absorber runs out and price snaps back, or the sellers give up and price runs. Either way it is the tell that something is being held.

Estimates are estimates

Liquidation maps are models of where leverage sits, not a ledger. That is why every breach is checked against confirmed liquidations and reported honestly, dud or not, and why estimated entries in the kill feed are marked as such. Nothing on this site is advice; it is a map, and you are the one driving.

Intel

Your own desk

Intel takes the same live data and lays it out as widgets you arrange yourself, per coin: order flow at several windows side by side, book depth, the liquidation ladder, venue-by-venue flow, options positioning, a pressure gauge that says in words who is winning right now. Every widget explains itself. Desks are saved in your browser and can be shared as a link.

Open Intel →

Sound

Turn it on and the board plays: gunfire for the tape, a detonation for each breach, a bugle for a retreat. Built so you can leave it in a tab and hear the market move.

Share a moment

Every dispatch has a link. Open it and the board replays that moment for whoever you sent it to, with the heat, walls and generals as they were.

Where the numbers come from

Live, aggregated, checked

Trades, liquidations and order books stream in live from the major exchanges and the main spot venues. are merged from several independent models and corrected against what actually gets liquidated when price arrives. comes from the main crypto options market. Prices are a blend of several . Everything is stamped UTC.

Sponsored by SatRush

Who keeps the lights on

Liquidate.Fun is free and sponsored by SatRush. The sponsor line along the bottom of the board shows RUSH buybacks and burns as they happen; nothing else on the site is sponsored, promoted or paid for placement.

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Liquidate.Fun · a live liquidation battlefieldNot financial advice. Leverage can and will liquidate you.Sponsored by SatRush