XRP liquidation heatmap
Where leveraged XRP positions would be liquidated if the price got there. A liquidation is the forced closing of a leveraged position when the loss eats up the collateral. On the map each row is a price and the brighter the band, the more estimated positions there are: above the price, shorts; below it, longs. It covers the last seven days, with the price candles drawn on top.
11% of the volume falls outside the frame: those are the low-leverage levels, which sit far away. The frame follows where the bulk of the volume is; if they ruled it, the price would be squashed into the middle and nothing would show.
These are estimates from a model, not real positions: no exchange publishes where each trader's liquidation sits. Source: Binance futures public data (candles, open interest and long/short account ratio); the levels are calculated by Arvenyx. Refreshed every ten to fifteen minutes. This is not investment advice.
XRP Monthly Returns: Historical Performance by Month →
How to read the map
The horizontal axis is time (the last seven days) and the vertical one is price, with the scale on the right. The white and grey candles are the real price; the background colour is where the model estimates pending liquidations, from black and blue, where there are few, to orange and yellow, where more pile up.
The bands above the price are short positions and those below, long ones. When the price crosses a band, those positions are counted as liquidated and the band fades. At the top, «Wall above» and «Wall below» give the price of the thickest band on each side, how many million dollars are estimated there and how far it is from the current price.
Use the selector at the top to switch cryptocurrency. The map does not say where the price will go: it is an estimate that helps you see where sharp moves may happen.
Questions
What is a liquidation?
Trading with leverage means using money the exchange lends you against collateral. If the price moves against you until the collateral no longer covers the loss, the exchange closes the position by force: that is a liquidation. With 10x leverage a move of roughly 10% against you is enough; with 100x, about 1%.
How do you read the map?
Each column is a slice of time and each row a price. The brighter (yellower) a band, the more estimated positions would be liquidated if the price reached it. Above the price are the shorts, which lose if it rises; below it, the longs, which lose if it falls. When the price crosses a band, those positions are taken as liquidated and the band goes dark.
Are these real positions?
No. No exchange publishes where each trader's liquidation sits. This is our own estimate: when Binance open interest rises, the new positions are split between longs and shorts using the account ratio Binance publishes, and placed at the price where they would be liquidated at 10x, 25x, 50x and 100x leverage. Other maps use other models and other data, so the numbers will not match.
What is it useful for?
To see where positions pile up that, if the price gets there, will be closed all at once and may speed up the move. It does not say where the price will go: a thick band is not a buy or sell signal.
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