Predictive liquidation map: how to read the bands

A map of predictive liquidations: where liquidations may happen if price gets there. Bands over the candles.

Predictive means calculated in advance, predicted. The exchange does not publish the prices at which other people's positions get liquidated. A model estimates this: changes in open interest show at which prices positions were opened, and with typical leverage you can see where their liquidation price is. That is how the bands come out. This is a model, not a fact: a band may not trigger, and liquidations may happen where there was no band.

• Horizontal — how long the level has existed.
• Vertical — the cluster's price range.
• Color from cold to warm — the amount of positions that will get flushed. The color scale is in the summary.

The map updates about once a minute. LIQS indicators show the fact, the map shows a forecast.

Whose forecast. Two sources: Coinglass — an external service, Binance only; DYOR — the platform’s own calculation from the open interest of the chosen exchange, the default. In the “Both” mode Coinglass is drawn as a fill, DYOR as pink outlines on top, and the summary has a separate line “DYOR: updated HH:MM”.

Which exchange. The map exists for Binance, Hyperliquid and Deribit. The levels of another exchange can be laid over the Binance chart. They land shifted by the basis — the price difference between exchanges. The contract pair appears in the summary title, for example “· Deribit BTC/USD”. On Hyperliquid and Deribit only DYOR and only the leverages the coin allows: with a maximum leverage of 3x there are no levels at all, with 5x–10x they appear only on strong OI spikes.

See where liquidations may happen. At which prices leveraged positions have piled up and what happens if price gets there.

For example.

• A warm band 5% above price — shorts sit there that will run out of margin. If price gets there, the exchange closes them with market buys for the band's amount.
• A band below price — the same with longs and sells.
• You can see in advance how big the flush will be: a cold thin band — small, a warm wide one — large. The amount is in the summary.
• LIQS indicators will later show what of this actually happened.

How to read it together with limit orders. A cluster on the map is future market orders: if price gets there, the exchange will sell or buy for the band's amount without asking. A large limit bid below price looks like demand. If a warm long-liquidation band sits just below it, the wall will meet not only regular sellers but also forced sells for the band's amount. The more the band outweighs the wall, the further through the wall price goes. The map shows what will come at the wall; without it you only see the wall itself.

Right rail → Settings (the first button) → the “Liquidations” section. The toggle on the right turns the layer on, the arrow on the left opens its settings. The “?” button in the panel header shows an explanation for every setting. The “Cloud” mode keeps the settings in the account for all tabs, “Tab” — only in this tab. Settings are remembered separately for each coin.