The liquidations board shows positions being forced shut in real time — the moments where leverage runs out of room. It looks dramatic, but once you know the layout it reads at a glance.
The screen has three parts. Across the top sit a row of summary cards — the running totals for the last day. Down the left flows the live feed, a stream of forced exits as they happen, newest at the top. On the right is the biggest list, a standing hall-of-fame of the largest hits.
Each entry is one forced exit: a coin, a side, a dollar size, and the price it happened at. Small ones flicker past in the feed; the big ones earn a permanent seat on the right.
Here's the part that confuses everyone. On this board, red marks a long being liquidated and green marks a short being liquidated — the opposite of the long-green, short-red coloring you see elsewhere on the site. That's deliberate, not a bug.
The color isn't painting whose position blew up. It's painting the shove that exit gives price. A liquidated long is force-sold into the market — downward pressure, so red. A liquidated short is force-bought back — upward pressure, so green. Think of it as coloring the direction of the impact, not the trader who got caught. Once that clicks, the whole feed reads the same way every time.
The two panels answer different questions. The live feed is the river: what is happening right now, in order, the small and the large together. It's where you feel the pace pick up when a market starts to crack.
The biggest list is the highlight reel: only the heaviest exits, kept on screen so a single monster doesn't scroll away in a blink. Glance at the feed for the rhythm; glance at the biggest for the headline.
The cards up top read the last twenty-four hours — total dollars liquidated, the split between longs and shorts, and the single largest hit. It's a rolling window, not a fixed daily reset: it always means "the past day from this moment," sliding forward as time passes.
The most telling read is the long-versus-short split. A day where longs got hammered far harder than shorts tells you which side the market punished — a quick gauge of where the pain landed.
One liquidation is noise. A cluster of them is information. When a market is leaning heavily one way and price turns against it, forced exits can stack up fast — each one shoving price further and tripping the next. That's the cascade behind those sudden, violent candles.
It's context for why a move was so sharp, not a forecast of the next one. A board lighting up red tells you longs were just flushed out — it doesn't tell you where price goes from here. Read it alongside funding and open interest, the way the leverage guide lays out.
This board records forced exits that already happened — a measurement of the present, never a prediction. Nothing here is financial advice. A wave of liquidations marks where leverage just broke, not where price is headed next. Always do your own research.