Liquidation heatmap

Ethena ENA

0.1344−4.28%
Updated 22:02 UTC · price live · refreshes every minute
Trade ENA on ARC
Nearest wall above
0.1438+7.0% away
$151K of shorts
Nearest wall below
0.1136−15.5% away
$1.9M of longs
Biggest wall
0.1136−15.5% away
$1.9M of longs
Liquidated, 24h
$2.9M
95% longs · 5% shorts
Open interest
$170M
across 4 exchanges
ENA perpetual · 1h
Longs liquidatedShorts liquidated

Key liquidation walls

PriceWhoSizeDistanceReached in a day
0.1455Shorts$132K+8.3%10%
0.1438Shorts$151K+7.0%17%
0.1344Price now0.0%
No wall below within 12%. Nearest: $1.9M longs at 0.1136, −15.5%.

Latest liquidations

Hyperliquid, Binance, Bybit, OKX · $25K and up
Time (UTC)ExchangeWhoPriceSize
15:36HyperliquidLong0.1343$55K
15:36BinanceLong0.1342$45K
15:02BinanceLong0.1378$40K
13:32BinanceShort0.1408$39K
04:42BinanceLong0.1318$86K
04:37BinanceLong0.1329$157K
03:53HyperliquidLong0.1326$93K
03:53HyperliquidLong0.1325$76K
03:53BinanceLong0.1323$148K
03:53BinanceLong0.1325$158K
03:53BinanceLong0.1331$35K
03:51HyperliquidLong0.1336$60K
03:51OKXLong0.1337$120K
03:51BinanceLong0.1342$25K
03:23BinanceLong0.1347$44K
03:23BinanceLong0.1348$75K

Liquidated, last 24h

$2.9M total
Binance$1.6M
Hyperliquid$564K
Bybit$419K
OKX$253K

Walls by distance

DistanceLongs belowShorts above
0–2%$77K$9K
2–5%$164K$108K
5–10%$92K$293K
10–25%$1.9M$639K

Leverage of large positions

Hyperliquid
LeverageDollarsPositions
Up to 5×$5.9M2
6–9×—0
10×$6.0M3
Over 10×—0
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Liquidation heatmaps for other markets.

How this heatmap is built.

Real positions

Hyperliquid publishes the liquidation price of every position. ARC reads the large ones: 5 ENA positions worth $11.9M right now.

Every other exchange

Binance, Bybit and OKX keep positions private, so ARC models them every 5 minutes from price and open interest, using the leverage real traders use.

Checked every time

ARC sizes each wall by checking the map against what really got liquidated: 651 hours in the last 25 days when the price crossed a wall on Binance and Bybit. The dollar figures come from that check.

Reading a ENA liquidation heatmap.

What is a liquidation heatmap?

It shows the prices where traders’ leveraged ENA positions would be closed by force. Big clusters of liquidations can speed up a move when the price reaches them.

What do the red and green cells mean?

Red cells are long positions that get liquidated if ENA falls to that price. Green cells are short positions that get liquidated if it rises there. Brighter cells hold more money, and each wall fills in from the hour its positions were opened.

What are the dots on the candles?

Liquidations that already happened, on the candle they happened in: red for longs, green for shorts. Bigger dots are bigger liquidations.

Does a wall mean the price will go there?

No. A wall shows what happens if the price gets there, not whether it will. ARC tested liquidation walls as a sign of direction and they did not predict it.

What does “reached in a day” mean?

How often ENA moves that far within 24 hours at its recent volatility. It is the chance the price touches the wall, not the chance it breaks through.

Where does the data come from?

Hyperliquid publishes the liquidation price of every position, and ARC reads the large ones. Binance, Bybit and OKX keep positions private, so ARC models them from price and open interest. Liquidations that happened come from Hyperliquid, Binance, Bybit, OKX.