How to read a liquidation heatmap
Each horizontal band represents a price level. The brighter the band, the more leveraged contracts would be liquidated at that price. When price approaches a dense cluster, forced liquidations can accelerate the move — traders use these levels to anticipate volatility and place risk controls.
Why open interest and funding matter
Open interest and funding rates reveal where leverage is building. Rising open interest with positive funding suggests crowded longs (liquidation risk below price); negative funding suggests crowded shorts (liquidation risk above price). Coinorama blends both into the position cohorts behind the heatmap.
Frequently Asked Questions
Is the heatmap live?
Yes. It is rebuilt from public Binance and Bybit perpetual futures telemetry and refreshes as you change the asset or lookback window.
Does it support other coins?
Every coin page on Coinorama has its own liquidation heatmap. This chart page focuses on the three most liquid perpetual markets — BTC, ETH and SOL.