Crypto Liquidations Today
Every forced close on nine perpetual-futures exchanges, counted by MarginPad's own collector as it happens: how much was wiped out in 24 hours, which side paid, which coins and which venues.
Crypto futures liquidations total $293.6 million over the past 24 hours: $142.5 million from longs and $151.1 million from shorts across 22333 tracked coins. Most liquidated right now: ETH ($89.6 million), BTC ($72.1 million), ZEC ($39.7 million). ETH alone accounts for 31% of the 24-hour total ($39.6 million longs against $50.0 million shorts).
See it live: Live liquidation feed · BTC liquidation map
What is a liquidation?
A liquidation is an exchange force-closing a leveraged futures position because the trader's margin can no longer cover the loss. The position is sold (or bought back) at market and the margin is gone. At high leverage the liquidation price sits close to the entry, so a small move against the position is enough. Long liquidations are buyers wiped out by a drop; short liquidations are sellers wiped out by a rally. A one-sided spike often marks a local extreme: a flush of longs can be a capitulation low, a wave of shorts can fuel a squeeze.
Why liquidation totals differ between sites
Exchanges publish forced closes at different granularity - some stream every fill, some batch a cascade into one event, and feeds throttle under exactly the load that produces the most liquidations. A tracker that models the gaps reports more than one that counts what it observed. MarginPad counts observed events and nothing else, so these totals sit at the conservative end; a figure several times larger on a violent day is usually estimation, not coverage.
What this number does not include
Perpetual-futures liquidations on the venues we subscribe to, and nothing else: no stop-losses or manual closes (never forced, never on a feed), no options or dated futures, no on-chain lending liquidations on Aave or Maker, and no venue without a public liquidation stream. Read it as leveraged perp positioning being wiped out, not every forced sale in crypto.
Measured by MarginPad's collector from nine exchange websockets. For information only - not financial advice. Trade responsibly.
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Nothing on this page is theoretical - it is real positions being force-closed on real order books. These are the venues those books belong to.
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