Largest clusters
The five densest bands on each side
| Side | Price band | From the price | Estimated liquidations |
|---|---|---|---|
| Longs below | $73,774 – $74,177 | −8.5% to −8.0% | $417.3M |
| Longs below | $73,371 – $73,774 | −9.0% to −8.5% | $325.7M |
| Longs below | $72,565 – $72,968 | −10.0% to −9.5% | $260.1M |
| Longs below | $74,984 – $75,387 | −7.0% to −6.5% | $259.6M |
| Longs below | $74,581 – $74,984 | −7.5% to −7.0% | $244.9M |
| Shorts above | $89,094 – $89,497 | +10.5% to +11.0% | $414.4M |
| Shorts above | $89,497 – $89,900 | +11.0% to +11.5% | $343.8M |
| Shorts above | $91,109 – $91,512 | +13.0% to +13.5% | $287.2M |
| Shorts above | $87,884 – $88,287 | +9.0% to +9.5% | $277.6M |
| Shorts above | $88,690 – $89,094 | +10.0% to +10.5% | $270.1M |
Within 5%, 10% and 15% of the price
| Within | Longs below | Shorts above | Below ÷ above |
|---|---|---|---|
| 5% | $374.4M | $209.5M | 1.79 |
| 10% | $2.80B | $1.27B | 2.20 |
| 15% | $3.12B | $3.68B | 0.85 |
Bands of the map of 26 Oct 2026, 15:40 UTC, each 0.5% of the price wide.
How accurate the map is
We check the map against what actually happens. Every hour the map is frozen, and over the next 60 minutes we add up the estimated positions whose levels the price reached on each contract and set them against the liquidations Bybit reported on the same contracts (Bybit's public feed reports every liquidation). Since 14 October 2026, across 285 hourly maps, Bybit liquidated 88.5% of the estimate at the levels reached ($130.1M against $143.0M); within 15 minutes of the 15-minute maps it was 85.2%. 97.3% of Bybit's BTC liquidations happened in hours when the price reached levels on the map. Each hour we also record the densest band on each side and whether the price reached it: since 14 October 2026 it did within 24 hours in 0.0% of 1,440 observations, against 0.5% for any level that far away, and within 72 hours in 0.0% against 2.6%.
The full scoreboard, per coin, venue and distance from the price, is on the liquidation map accuracy page.
Method and sources
No exchange publishes the leverage or entry price of open positions, so the map is a model, not an observation. Every five-minute rise in a contract's open interest counts as new positions opened at that bar's typical price (high + low + close) / 3, one long and one short per unit of open interest, spread over leverage from 2x to 100x. A long's estimated liquidation price is entry × (1 − 1/leverage + 0.5%), a short's entry × (1 + 1/leverage − 0.5%). A fall in open interest closes the same share of every estimated position on that contract, and a level is removed once the price trades through it.
The leverage mix and the map's size are fitted to what we observe: how much Bybit actually liquidated when the price reached each leverage tier's levels, and the liquidation prices of the large Hyperliquid accounts we track. The fitted mix is published on the accuracy page.
Venues: the BTC perpetuals of Binance, Bybit, Bitget and OKX (stablecoin- and coin-margined), from our own collection of their five-minute open interest and price bars; OKX's contracts are included since 23 October 2026, recomputed over the map's whole history. A venue's levels build up over the weeks after it joins, because positions opened before its data begins are not modelled, and other venues' positions are not included, so the map shows the shape of leverage, not its total. Bands are 0.5% of the price wide, valued at their level prices, and hold longs and shorts together, as the heatmap draws them.
The map's figures on this page are free to reuse under CC BY 4.0, crediting CryptoKeyhole with a link to this page (licence and reuse).
Questions
What does the BTC liquidation heatmap show?
It shows the prices at which leveraged BTC futures positions would be forcibly closed. Long positions are liquidated if the price falls to their level, short positions if it rises to theirs, so dense bands below the price mark long liquidations and dense bands above it short liquidations. When the price reaches a dense band, the forced selling or buying can push it further.
Where are the biggest BTC liquidation levels right now?
How is the map estimated?
From our own collection of five-minute open interest and price bars on Binance, Bybit, Bitget and OKX: each rise in open interest is treated as new long and short positions at the bar's price, spread over leverage tiers whose mix is fitted to the liquidations Bybit actually reports.
How accurate is it?
How often is it updated?
Every five minutes, a few minutes after each five-minute bar closes on the exchanges. This page shows the current map; the Plus chart keeps its hourly and daily history.
The map is CryptoKeyhole's estimate from its own collection of the exchanges' public market data, and this page says how it is made and how often it has held up. Nothing here is investment advice.