Hyperliquid liquidation heatmap.

What is a Hyperliquid liquidation heatmap?

A Hyperliquid liquidation heatmap maps the price levels where leveraged positions get force-closed. Every position opened with leverage has a liquidation price — the point where the exchange closes it to protect the margin. Stack thousands of those prices together and clusters appear: thick bands of size waiting to be liquidated at the same level. Those clusters are what this page shows, live, for BTC, ETH and SOL.

Liquidation clusters matter because they act like magnets. When a heavy cluster sits just above or below the current price, the market often drifts toward it — the forced orders there are liquidity, and price seeks liquidity. When the level is hit, the liquidations fire, and that selling or buying can accelerate the move into a cascade.

How to read the liquidation heatmap

Long vs short liquidations

Long liquidations sit below the current price. A long is force-closed when price drops to its liquidation level, so a thick long cluster below spot is downside fuel — if price reaches it, those longs sell and push lower. Short liquidations sit above the price. A heavy short cluster overhead is upside fuel: break into it and the forced buying can squeeze price up fast.

The magnet effect

The single most useful read is proximity. A large cluster within striking distance of spot is the level the market is most likely to reach for next. Clusters far away matter less — they need a bigger move to come into play. Watch the nearest dense band on each side.

Asymmetry is the signal

Compare the two sides. When long-liquidation size well outweighs short-liquidation size, the leverage book is long-heavy and vulnerable to a downside flush. When shorts dominate, the setup favors an upside squeeze. A balanced book has no obvious cascade target.

Why this heatmap is different

Real positions, not an estimated model

Most liquidation heatmaps — including the popular ones — estimate clusters from open interest and an assumed mix of leverage tiers. They guess where positions probably sit. This map is built from actual Hyperliquid positions reported on-chain: real account sizes, real margin, real computed liquidation prices. Hyperliquid records every position transparently, so the clusters reflect what traders are genuinely holding, not a synthetic model. (Cross-margin accounts whose liquidation price can’t be cleanly computed are left out by design, so what you see is the part of the book with a real, mechanical liquidation level.)

Whale vs retail clusters

Not all clusters are equal. We split each market into the accounts holding the top half of its money and the small-wallet tail, with market-makers excluded because their hedged inventory isn’t a directional bet. That tells you who is stacked at a level. A cluster held mostly by large, profitable accounts tends to hold — smart money is usually right about which levels the market respects. A cluster made of the small-wallet tail is far more likely to get run: retail’s liquidation levels are often the exact prices where the market turns.

How to trade liquidation clusters

• As support and resistance. A dense long cluster below price can act as a magnet, then a floor once swept. A short cluster above can cap a rally until it breaks — then fuel the next leg.
• For cascades. When price enters a heavy cluster, expect acceleration, not a clean stop. The forced orders compound the move. Don’t fade a cascade mid-flush.
• To place stops with intent. Resting your stop just inside the densest retail cluster is how you get hunted. Put invalidation beyond the cluster, where the structure actually breaks.
• With confirmation. A heatmap is a probability map, not a timing tool. Pair it with structure, funding and volume. A cluster shows where the market is vulnerable, never exactly when.

Is the data live?

Yes. The clusters are rebuilt from live Hyperliquid positions every few minutes and the page refreshes on its own. It’s free, needs no signup, and the same numbers are available from a free public API for your own scripts and agents. This is the exact liquidation intelligence the HyperPerps AI trading bot reads before every decision — open for anyone to use.

Hyperliquid liquidation heatmap FAQ