Forced closing of leveraged positions on Binance USD-M futures, live.
A liquidation happens when the exchange closes a leveraged position because the margin ran out. It is context about where positions were wiped out, not a signal to buy or sell.
Coins by liquidated volume
Live feed
Largest in the last 24 hours
Source: Binance USD-M futures public liquidation stream. Binance sends at most one forced order per coin per second, so in extreme moments this is a sample of what really happened. Data is kept for 30 days and starts from the moment this service was switched on.
Crypto liquidations: what they are and how to read this page
A liquidation is a forced close of a leveraged futures position. When a trader borrows to open a position and the price moves against it far enough that the margin can no longer cover the loss, the exchange closes the position automatically. This page shows those forced orders on Binance USD-M futures as they happen: the coin, the side, the price and the size in dollars. The data comes from the public liquidation stream of Binance, no exchange keys are used, and nothing is invented: if the stream is down, the page says so.
Longs and shorts: which side was wiped out
When a long is liquidated, the exchange sells the position, so the forced order is a sell and the price was falling. When a short is liquidated, the exchange buys the position back, so the forced order is a buy and the price was rising. The two cards at the top add up both sides over the window you choose (5 minutes to 24 hours), and the bar shows the split. A large one-sided total means that many leveraged traders were on the wrong side of a sharp move. It describes what already happened. It does not say where the price goes next.
Tables, feed and a coin page
The table ranks coins by liquidated volume in the chosen window. The live feed lists the latest forced orders and can be filtered by minimum size; orders above $100k are highlighted. Click a coin to open its page with 5-minute bars for the last six hours and its latest events. This section is separate from Radar on purpose: Radar measures unusual trading activity, liquidations measure forced closing, and the two are never mixed into one score.
Limits of the data
Binance sends at most one forced order per coin per second. In the most violent moments the stream is therefore a sample, and the real total can be larger. History starts from the moment this service was switched on and is kept for 30 days. Liquidations are context for studying how the market behaves around forced selling and buying. We do not claim that they predict price, and we check any such idea on data before we trust it.
Questions and answers
What does a large long liquidation mean?
Many leveraged long positions were closed by the exchange during a fall. It shows that a move was sharp and crowded. It is not a buy or sell signal.
Is this every liquidation on Binance?
Not always. Binance publishes at most one forced order per coin per second, so in extreme moments the page shows a sample.
Which markets are covered?
Binance USD-M perpetual futures, all coins that have a forced order. Other exchanges are not included yet.
Why is this not part of Radar?
Radar looks at unusual trading activity. Liquidations are a different kind of event, so they have their own section and their own storage.
