BTC $82,590.00 +0.74%ETH $2,425.40 +0.39%SOL $105.26 +1.11%S&P 500 7,659.44 −1.09%Nasdaq 100 29,187.50 −2.50%Gold $4,181.80 +0.02%Brent $108.25 −1.47%EUR/USD 1.1216 −0.25%DXY 101.90 +0.06%US10Y 5.09% −0.08%NVDA $214.13 −1.43%TSLA $354.72 −2.13%
ARUT.LIVE
RU
CRYPTO / DERIVATIVES

Leverage and liquidations.

Open interest, funding, crowd and top trader positioning, liquidations and options max pain. Look here first when the price moves sharply.

LIQUIDITY WAR ROOM

Where leverage is stretched

See the Leverage. Read the Pressure. Manage the Risk. Open interest, funding, crowd and top-trader positioning, market buying and selling. Context for managing risk, not signals.

Market Pressure Index

12/100
Calm
Funding
3
OI growth 24h
5
Crowd skew
39
Taker aggression
2

Facts. Open interest, 24h: +0.37%; funding (OI-weighted, per 8h): +0.0089%; longs among Binance accounts: 59.7%; market buys over 24h: 50.2%.

Interpretation. Leverage is not stretched right now: no notable crowding. The index shows how stretched leverage is, not where the price goes.

Open interest, 48h

$52.70 B

−1.10% 4h · +0.37% 24h

Oct 17, 12:00Oct 19, 12:00$53.38 B$51.78 B

Total open futures positions across exchanges. Growth with price confirms the move; growth against price means leverage is building against it.

Funding, 48h

+0.0089%

OI-weighted, per 8 hours

Oct 17, 12:00Oct 19, 12:000.0095%0.0033%

Plus: longs pay shorts, the crowd is long. Minus: the opposite. The usual level is about +0.01%.

Funding by exchange now

OKX 8h
+0.0100%
HTX
+0.0100%
BingX 8h
+0.0100%
KuCoin 8h
+0.0089%
Bitfinex
+0.0088%
Bybit 8h
+0.0087%
Bitunix 8h
+0.0085%
Binance 8h
+0.0084%

Rate per exchange funding period; the period length is next to the name.

Long vs short

Crowd (accounts)59.7%
Top traders (size)63.4%

Long share on Binance over 48 hours: blue is the crowd, orange is top traders.

The crowd and top traders lean about the same way.

Market buys and sells, 24h

50.2%

buys $23.77 B · sells $23.59 B

Binance
50%
OKX
49%
Gate
51%
Bybit
50%
MEXC
51%
Hyperliquid
52%

Share of market buys among all market orders. Above 50% buyers push.

Options max pain BTC

expiry Oct 2082,000
expiry Oct 2182,000
expiry Oct 2281,500
expiry Oct 2382,000

The price at which most Deribit options expire worthless. Price sometimes drifts toward it into expiry, but it is not a rule.

Position calculator

A teaching estimate for isolated margin with 0.5% maintenance margin. The real liquidation price depends on the exchange rules, fees and funding.

Large Hyperliquid positions

Closed shortETH$15.0 Mentry 2,370.77liq. —Oct 19, 09:39
Closed longBTC$11.6 Mentry 82,741.90liq. —Oct 19, 09:57
Closed longETH$9.8 Mentry 2,406.82liq. —Oct 19, 10:15
Closed longBTC$8.9 Mentry 80,858.50liq. —Oct 19, 10:29
Closed shortBTC$7.9 Mentry 81,097.00liq. —Oct 19, 08:54
Closed shortETH$7.3 Mentry 2,413.90liq. —Oct 19, 12:38
Closed longBTC$6.2 Mentry 82,059.00liq. —Oct 19, 10:03
Closed shortBTC$5.2 Mentry 82,603.40liq. —Oct 19, 12:14
Closed longZEC$4.7 Mentry 1,119.79liq. —Oct 19, 10:28
Opened longETH$3.8 Mentry 2,417.74liq. 2,339.36Oct 19, 11:16
Opened shortHYPE$3.5 Mentry 79.76liq. 130.43Oct 19, 08:30
Opened shortBTC$3.0 Mentry 82,158.80liq. 101,667.78Oct 19, 11:33

Recent large positions on the Hyperliquid decentralised exchange, where all trades are public on-chain.

Story Mode: download an image

Data Source: CoinGlass, updated . The pressure index and notes are computed by this site using the rules above. Not financial advice.

Liquidations

Where positions get wiped

Forced closures on futures exchanges over 24 hours. Longs get wiped on drops, shorts on rallies.

Total, 24h

$338.1 M

longs $192.6 M · shorts $145.5 M

BTC · 24h

$66.0 M

longs $36.5 M · shorts $29.5 M

1h: $1.8 M · 4h: $5.1 M

BTC open interest

$52.70 B

+0.41% 24h · −1.18% 4h

How it works in 10 seconds

liquidation price
1
Take leverageA trader puts in $100 and opens a $1000 position (10x leverage).
2
Price goes againstDown 10% and the whole deposit is gone.
3
Exchange closes itA forced market sale. That is a liquidation.
4
Chain reactionThe selling pushes price further and wipes the next ones.

Longs and shorts were wiped about evenly: the market chopped without a clear skew. Red: longs wiped (bets on up), green: shorts wiped (bets on down).

Liquidation map by coin

Tile size: 24h total. Red: mostly longs wiped, green: mostly shorts.

ETH$110.4 ML 38% · S 62%ETH: $110.4 M · longs $42.4 M · shorts $68.0 MBTC$66.0 ML 55% · S 45%BTC: $66.0 M · longs $36.5 M · shorts $29.5 MZEC$14.6 ML 69% · S 31%ZEC: $14.6 M · longs $10.1 M · shorts $4.5 MSOL$13.6 ML 54% · S 46%SOL: $13.6 M · longs $7.4 M · shorts $6.2 MQ$8.1 ML 24% · S 76%Q: $8.1 M · longs $1.9 M · shorts $6.2 MPUMPPUMP: $6.2 M · longs $4.9 M · shorts $1.3 MXRPXRP: $5.8 M · longs $4.8 M · shorts $933 KHYPE$5.1 ML 97% · S 3%HYPE: $5.1 M · longs $4.9 M · shorts $151 KDOGE$4.8 ML 84% · S 16%DOGE: $4.8 M · longs $4.0 M · shorts $769 KNEARNEAR: $4.7 M · longs $3.2 M · shorts $1.5 MSNDKSNDK: $2.9 M · longs $1.6 M · shorts $1.3 MWLDWLD: $2.7 M · longs $2.4 M · shorts $308 KFARTCOINFARTCOIN: $2.6 M · longs $2.6 M · shorts $34 KENAENA: $2.5 M · longs $2.4 M · shorts $133 K

BTC: liquidations per 4h, 7 days

Oct 12, 16:00 · shorts $900 KOct 12, 16:00 · longs $4.7 MOct 12, 20:00 · shorts $1.2 MOct 12, 20:00 · longs $34.2 MOct 13, 00:00 · shorts $12.3 MOct 13, 00:00 · longs $31.9 MOct 13, 04:00 · shorts $12.7 MOct 13, 04:00 · longs $501Oct 13, 08:00 · shorts $1.5 MOct 13, 08:00 · longs $1.4 MOct 13, 12:00 · shorts $2.3 MOct 13, 12:00 · longs $1.3 MOct 13, 16:00 · shorts $377 KOct 13, 16:00 · longs $1.2 MOct 13, 20:00 · shorts $230 KOct 13, 20:00 · longs $599 KOct 14, 00:00 · shorts $2.7 MOct 14, 00:00 · longs $135 KOct 14, 04:00 · shorts $51 KOct 14, 04:00 · longs $1.3 MOct 14, 08:00 · shorts $2.6 MOct 14, 08:00 · longs $2.9 MOct 14, 12:00 · shorts $3.3 MOct 14, 12:00 · longs $30.5 MOct 14, 16:00 · shorts $649 KOct 14, 16:00 · longs $2.8 MOct 14, 20:00 · shorts $418 KOct 14, 20:00 · longs $2.8 MOct 15, 00:00 · shorts $4.5 MOct 15, 00:00 · longs $87.3 MOct 15, 04:00 · shorts $2.3 MOct 15, 04:00 · longs $4.5 MOct 15, 08:00 · shorts $317 KOct 15, 08:00 · longs $1.2 MOct 15, 12:00 · shorts $18.5 MOct 15, 12:00 · longs $25.0 MOct 15, 16:00 · shorts $2.7 MOct 15, 16:00 · longs $928 KOct 15, 20:00 · shorts $1.2 MOct 15, 20:00 · longs $1.9 MOct 16, 00:00 · shorts $494 KOct 16, 00:00 · longs $5.4 MOct 16, 04:00 · shorts $1.1 MOct 16, 04:00 · longs $136 KOct 16, 08:00 · shorts $11.7 MOct 16, 08:00 · longs $1.3 MOct 16, 12:00 · shorts $928 KOct 16, 12:00 · longs $16.6 MOct 16, 16:00 · shorts $5.5 MOct 16, 16:00 · longs $10.6 MOct 16, 20:00 · shorts $476 KOct 16, 20:00 · longs $445 KOct 17, 00:00 · shorts $187 KOct 17, 00:00 · longs $971 KOct 17, 04:00 · shorts $187 KOct 17, 04:00 · longs $11 KOct 17, 08:00 · shorts $3 KOct 17, 08:00 · longs $30 KOct 17, 12:00 · shorts $92 KOct 17, 12:00 · longs $897 KOct 17, 16:00 · shorts $525 KOct 17, 16:00 · longs $755 KOct 17, 20:00 · shorts $973 KOct 17, 20:00 · longs $12.1 MOct 18, 00:00 · shorts $3.6 MOct 18, 00:00 · longs $121 KOct 18, 04:00 · shorts $4 KOct 18, 04:00 · longs $73 KOct 18, 08:00 · shorts $2.8 MOct 18, 08:00 · longs $20 KOct 18, 12:00 · shorts $57 KOct 18, 12:00 · longs $6.9 MOct 18, 16:00 · shorts $242 KOct 18, 16:00 · longs $6.5 MOct 18, 20:00 · shorts $8.5 MOct 18, 20:00 · longs $13.2 MOct 19, 00:00 · shorts $3.9 MOct 19, 00:00 · longs $25 KOct 19, 04:00 · shorts $4.6 MOct 19, 04:00 · longs $188 KOct 19, 08:00 · shorts $584 KOct 19, 08:00 · longs $2.0 MOct 19, 12:00 · shorts $1.4 MOct 19, 12:00 · longs $0Oct 12, 16:00Oct 19, 12:00shorts up, longs down · peak $87.3 M

Sum of Binance, OKX and Bybit.

By exchange, 24h

Binance
$171.1 M
Hyperliquid
$52.2 M
Bybit
$34.1 M
OKX
$32.1 M
Gate
$26.0 M
Bitget
$12.2 M
HTX
$5.4 M
Aster
$3.3 M

BTC open interest by exchange

Binance
$10.99 B
CME
$9.27 B
Bybit
$5.51 B
Gate
$4.30 B
MEXC
$4.08 B
Hyperliquid
$3.30 B

Data Source: CoinGlass, updated .

ARUT Academy · freeLeverage and liquidation: how not to lose it allARUT Academy · freeRisk-free futures simulatorTry leverage with virtual money
When you get it

Buy or trade BTC on WEEX

Spot: you buy the coin itself, no leverage. Futures: a leveraged bet on up or down with liquidation risk. Pick what you need first.

Trading crypto, especially with leverage, carries a high risk of losing capital. Affiliate link: Arut may be paid. 18+ only.

WEEXCrypto exchange: spot and futures
Take the free Academy lesson first
Morning brief

The market in one minute, every morning

Short: what happened overnight, what is due today and how your saved assets are doing. No spam, one-click unsubscribe.