Liquidation heatmap

PAX Gold PAXG

3,880+0.11%
Updated 22:03 UTC · price live · refreshes every minute
Trade PAXG on ARC
Nearest wall above
4,151.5+7.0% away
$2.5M of shorts
Nearest wall below
—
none within 25%
Biggest wall
4,151.5+7.0% away
$2.5M of shorts
Liquidated, 24h
$132K
95% longs · 5% shorts
Open interest
$142M
across 3 exchanges
PAXG perpetual · 1h
Longs liquidatedShorts liquidated

Key liquidation walls

PriceWhoSizeDistanceReached in a day
4,151.5Shorts$2.5M+7.0%under 1%
3,880.0Price now0.0%
No wall below within 12%.

Latest liquidations

Hyperliquid, Binance, Bybit · $25K and up
Time (UTC)ExchangeWhoPriceSize
13:45BybitLong3,869.4$29K
08:54BinanceLong3,929.7$47K
21:55HyperliquidLong4,041.9$437K
21:55HyperliquidLong4,045.0$109K

Liquidated, last 24h

$132K total
Binance$84K
Bybit$35K
Hyperliquid$13K
OKX$0

Walls by distance

DistanceLongs belowShorts above
0–2%$86K$34K
2–5%$75K$51K
5–10%$47K$2.7M
10–25%$11K$129K

Leverage of large positions

Hyperliquid
LeverageDollarsPositions
Up to 5×—0
6–9×—0
10×$5.5M3
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: 3 PAXG positions worth $5.5M 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: 130 hours in the last 20 days when the price crossed a wall on Binance and Bybit. The dollar figures come from that check.

Reading a PAXG liquidation heatmap.

What is a liquidation heatmap?

It shows the prices where traders’ leveraged PAXG 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 PAXG 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 PAXG 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.