One question, one answer
What is the biggest crypto liquidation today?
The single largest forced close our collector has seen in the last 24 hours, with the venue and the side it was on.
$33.1 million - ETH long on Gate
The largest single forced close our collector has seen in the last 24 hours was a long position in ETH on Gate, worth $33.1 million at the price it was closed at. It is 5.3% of everything liquidated market-wide in the same window ($628.6 million across 33,077 positions).
| Figure | Note | |
|---|---|---|
| Size | $33.1 million | notional, not the trader's loss |
| Coin | ETH | |
| Exchange | Gate | |
| Side | long liquidated | a leveraged buyer |
| Share of the 24h total | 5.3% | of $628.6 million |
The live liquidation feedMarket totalsLiquidation heatmapLive whale positions
Why one position is worth a page
The day's total tells you how much leverage died. The largest single event tells you what kind of trader died, and those are different stories. A hundred-million-dollar day made of twenty thousand small positions is a retail flush. The same total with one forty-million-dollar position in it is a fund, a market maker with a bad hedge, or somebody who thought they could carry size through an event. The second kind moves the book on the way out, because unwinding it means market orders into whatever depth happens to be there.
Size is measured as notional in US dollars: fill price times quantity, as the exchange published it. That is the position that was closed, not the money the trader lost - a liquidated position at fifty times leverage costs its owner roughly one fiftieth of the notional plus fees.
Method, in full
MarginPad runs its own collector subscribed to the public liquidation websocket of nine exchanges: Binance (USD- and coin-margined), Bybit, OKX, Hyperliquid, Gate, HTX, dYdX, BitMEX and Bitfinex. Every forced close is normalised to symbol, side, fill price and dollar notional, then aggregated over a rolling 24-hour window. These are observed events, not a model and not a vendor feed. Nothing is filled in when a venue goes quiet, and if the collector itself is down the page says so rather than showing yesterday's figures as if they were current.
“Largest” here means the largest single published event. A venue that unwinds a big position in several fills publishes several events, so a position larger than the one shown can be broken into pieces that individually rank lower. We report what the exchange published rather than stitching fills together, because stitching requires assumptions and this number should not need any.
Take the data
Free as JSON, no key: GET https://marginpad.io/api/v1/liquidations and read data.big for the venue, symbol, side and dollar notional, alongside the market totals and the per-coin breakdown. Individual events as they arrive are at /api/v1/liquidations/recent.
Questions
What was the biggest crypto liquidation ever?
The largest single events on record run into the hundreds of millions of dollars and cluster around the violent days: March 2020, May 2021, the November 2022 collapse, and the August 2024 unwind. We do not publish an all-time figure here because we can only vouch for what our own collector observed, and it has not been running since 2020. The number at the top of this page is strictly the largest of the last 24 hours, from feeds you can check.
Does the biggest liquidation move the price?
A large one usually does, briefly. A forced close is a market order, so unwinding a big position eats whatever depth is in the book and prints a wick. That is why single large liquidations often mark the extreme of a move rather than its middle - the worst price of the day is frequently the print where somebody was closed out.
How much money did that trader actually lose?
Roughly the margin backing the position, not the notional shown. At ten times leverage a liquidated one-million-dollar position cost about a hundred thousand; at fifty times, about twenty thousand, plus the liquidation fee most venues charge. The notional is the size of the position, not the size of the loss.
Why do different sites report different biggest liquidations?
Because they watch different exchanges and treat multi-fill unwinds differently. A tracker that stitches consecutive fills into one position will report a larger single figure than one that reports the published events, as we do. Neither is wrong; they answer slightly different questions.
Where can I watch these as they happen?
The live feed at /rekt/ prints every forced close above a size you choose, with venue, coin, side and notional, as it arrives.
Other questions we answer with a live number
Related: the live liquidation feed · market totals · liquidation heatmap · live whale positions