Every dial so far has read a market state — funding, positioning, the shape of a trend. The new liquidations board reads events — the exact moments leverage runs out of room and positions get shut against their will.
There's a new screen on the site: the Liquidations board. When a leveraged position runs out of margin, the exchange closes it automatically — no choosing, no negotiating. Those forced exits used to vanish the instant they happened. Now they land here, live.
Across the top, the day's running totals. Down the left, a feed of exits as they occur. On the right, a standing list of the biggest hits. Open it during a sharp move and you can watch leverage break in real time.
One thing will look backwards at first. Here, red means a long was liquidated and green means a short was — the reverse of the coloring everywhere else on the site. It's on purpose.
The color isn't marking whose position blew up; it's marking the shove that exit gives price. A flushed long is force-sold (downward push, red); a flushed short is force-bought (upward push, green). We're coloring the impact, not the casualty.
The feed is the river — small and large exits flowing past in order, so you feel the pace quicken when a market starts to crack. The biggest list is the highlight reel — only the heaviest hits, held on screen so a single monster doesn't scroll away before you see it.
Two views of the same flood: one for the rhythm, one for the headline.
It would be easy to read a screen full of red as "the bottom is in" or "more pain coming." It isn't either. A wave of liquidations is a record of where leverage just broke — context for why a candle was so violent, not a clue to the next one.
So it keeps the same promise as every other dial here: it describes the present, never predicts the future. A louder board means rougher conditions, nothing more. Free to open, free to read — and like the rest, no advice, just the read.