Hyperliquid Liquidation Map & Heatmap: Where to See It and How to Read It

1. Hyperliquid liquidations today: the heatmap near price and whale levels

Liquidation heatmap now: what a 2% or 5% move would liquidate

The table reads the free HyperPerps heatmap API, which rebuilds the liquidation clusters of about 21,000 Hyperliquid wallets every 5 minutes from their on-chain positions (market makers excluded), and this page re-reads it at every build. It answers the first question behind “Hyperliquid liquidations today”: how much would be force-closed if price moved a little from here.

Data as of October 15, 2026, 04:41 UTC (stored snapshot; the live API was unavailable at build time). Source: HyperPerps public heatmap API, BTC 2,763, ETH 1,698, HYPE 2,304, SOL 955 open positions analysed. Cumulative notional whose liquidation price sits within 2% and 5% of the price shown. Not a forecast: positions get re-margined or closed before price arrives.

At this reading the near-price risk is on the long side for BTC, ETH, HYPE, and SOL: a 5% drop would force out at least twice as much as a 5% rise. Clusters made of one or two wallets can be defended with more margin; the wallet count in the last column tells you whether a cluster is a crowd or one trader.

What already got liquidated

The second meaning of “Hyperliquid liquidations” is the total that already fired. Hyperliquid has no market-wide liquidation stream or endpoint in its API: a liquidation is flagged in the liquidated account’s own fills, and the only complete record is the node fill archive on S3 (official WebSocket and info docs, checked October 15, 2026), so exchange-wide 24-hour totals come from third parties that collect every account’s fills: Allium’s Hyperliquid dashboard, or the by-exchange tables on CoinGlass’s Liquidation Data page. To show what that data looks like, we pulled every fill of the 937 accounts in our whale snapshot (below) from October 4 (15:27 UTC) to October 15, 2026 (04:30 UTC) and kept the ones where the account itself was liquidated: 55 liquidation fills worth $104.7M across 22 accounts. Two thirds of it was ETH: on October 8, as ETH fell through $2,440–2,417, Hyperliquid force-sold $69.7M from the two biggest ETH longs of the October 4 table, in 20% slices (next section). HIP-3 stock perps added $32.4M (xyz:INTC $9.35M, xyz:SKHX $8.56M, xyz:LITE $7.35M, xyz:SOXL $4.90M and smaller ones), a HYPE long $1.9M, and other native perps less than $1M. The last 24 hours of the window had 19 liquidation fills, $13.6M, all on HIP-3 markets. Every one of the 55 went to the order book (method “market”), none to the backstop vault. This is a sample of large accounts, not an exchange total: smaller accounts are not in it. For your own or any address’s liquidation history, and for the full archive, see Hyperliquid historical data API.

Whale liquidation levels (October 15, 2026 snapshot)

To show what sits under the map, we took the 500 largest active accounts on the official leaderboard (accounts that traded in the last 30 days) and the 437 dormant accounts among the 700 largest, queried each one’s positions at October 15, 2026 (04:30 UTC) and bucketed their liquidation prices. The 331 accounts with open perps held $6.41B of notional against Hyperliquid’s $11.16B of open interest at that moment, so this is the whale half of the map (HIP-3 markets not included; dormant accounts are marked). For live levels, use the tools below; this table is dated on purpose.

A selection, not a full ranking: the nearest bands on each side of every coin plus the largest farther out; some farther bands of similar size are left out. Bands are $1,000 wide for BTC, $50 for ETH, $2.50 for HYPE and $5 for SOL, except two merged rows: BTC $77,000–80,000 (the four longs within 5% of price) and HYPE $102.5–107.5.

How much whale notional would liquidate within a given move (October 15, 2026):

What this snapshot says:

• The whale map leans long on every major. Within 10% of price sat $170M of BTC whale longs, $203M of ETH longs and $110M of HYPE longs, against zero whale shorts on all three. After a two-week slide (BTC −4.6%, ETH −12% since October 4), the shorts that are left liquidate far above price.
• ETH carries the nearest weight. Two longs of 38,991 ETH (14x cross, liquidating near $2,301) and 40,269 ETH (13x cross, near $2,290) sit 3–4% under the mark, $189M between them; both were partly liquidated on October 8 and refilled since (below). HyperPerps’ wider sample showed the same thing that morning: its largest ETH cluster within 5% was at about $2,292.
• BTC has a crowd near price and one big level below. $88M of whale longs sit within 5%, spread over several 25x–40x positions between $77,900 and $79,400 (that morning HyperPerps put its heaviest BTC long cluster in the same zone). Farther down, the 1,003 BTC long at 12x cross now liquidates near $74,450, 8.5% below. The nearest large short is a 721 BTC isolated position near $90,600, 11% up.
• HYPE’s big level belongs to a dormant account. The 1,380,043 HYPE long ($110M at 5x cross) liquidates near $74.56, 5.6% under the mark; its account has not traded for 30 days, which is why a filter on active accounts misses it. HYPE traded as low as $78.08 on October 15, 2026, within 5% of that level. The first large HYPE shorts sit 25–35% up.
• SOL is quiet. No position in the whale sample liquidates within 20% of the SOL price; the nearest large bands are a 200,000 SOL short near $129 (+25%) and the dormant 550,088 SOL long near $67.89 (−35%).
• The biggest bars are the farthest. The two 5x cross books (addresses beginning 0x5b5d and 0xb83d) hold BTC shorts that liquidate near $156k and $164k and ETH shorts near $4,230 and $4,710, 78–102% away. They dominate any list sorted by size and barely matter for the next week.

What happened to the October 4 levels: two whales partly liquidated, then refilled

On October 4 the nearest heavy band was ETH: a 41,228 ETH long at 10x liquidating near $2,523, a 56,861 ETH long at 8x near $2,464 and a 35,875 ETH long at 25x near $2,497, with BTC’s 1,003 BTC long near $77,300 below. Price went straight through both ETH bands: ETH’s daily low was $2,406.7 on October 8 and $2,314.4 on October 15 (Hyperliquid daily candles). Both big ETH longs were partly liquidated on October 8, exactly as Hyperliquid’s rules describe. At 15:35 UTC, with the ETH mark at $2,445, the exchange sent 11,372 ETH of the 56,861 ETH long to the book, 20.0% of the position, filled at an average $2,438.55 ($27.7M). At 16:02, with the mark near $2,424, it took a second 20% slice of the same position (9,098 ETH at $2,420.17, $22.0M) and the first 20% of the 41,228 ETH long (8,246 ETH at $2,417.69, $19.9M): $69.7M of forced market selling from two accounts in 27 minutes. Margin had already arrived the day before from one sending address (beginning 0x6b9e: $1.10M and $4.05M on October 7), and it was not enough. After the liquidations the same address sent $4.55M more to the first account and $5.45M to the second, and both bought back: the first now holds 38,991 ETH (liquidating near $2,301), the second 40,269 ETH (near $2,290). The two ETH bars nearest to price in today’s table are those same two traders, liquidated once and refilled. The BTC account received $3.00M from the same address on October 7 without trading, which moved its level from about $77,300 to $74,450; BTC never traded below $80,193, so that level was not tested. The dormant HYPE long received $2.5M on October 13 as HYPE fell, and its level slid from $76.33 to $74.56 (HYPE low: $78.08). The 35,875 ETH long at 25x is no longer in our sample; its level was crossed on October 8, but we could not trace whether it was liquidated, closed or reduced. The lesson: a whale can defend a level with more margin, but a fast move can still take 20% slices before the money lands, and every slice is market selling that pushes the mark toward the next band.

Hyperliquid Calculator — Liquidation price, margin, fees, hourly funding and PnL for any Hyperliquid perp, with the official formula and margin tiers. — Open the calculator →

2. Hyperliquid liquidation map and liquidation heatmap tools compared

We opened each tool on September 27 and re-read every page that could be fetched on October 15, 2026 (CoinGlass, Hyperdash, Coinalyze, Gate and Datawallet keep the September reading), noting what each shows, where the data comes from and what it costs. “Exact” means the levels are read from Hyperliquid’s on-chain positions; “Model” means they are estimated from open interest and assumed leverage. None of these links are affiliate links.

Which one to open

• Intraday BTC, ETH or HYPE trader: the CoinMarketCap map for the 60-second refresh and leverage-band colours, with the CoinMarketCap heatmap alongside to see which zones have held for a day or a week.
• Swing trader checking risk once a day: the CoinGlass Hyperliquid map plus the whale tracker next to it, so you can see who owns the biggest bars and how much margin they have.
• Altcoin trader: CoinMarketCap, because it covers every native Hyperliquid perp rather than whales or three majors.
• Trading HYPE on Binance or Bybit: a model heatmap (CoinGlass, Coinfuty, Datawallet), read together with the exact Hyperliquid map, because Hyperliquid is where most HYPE leverage sits.
• Systematic trader: the API or HyperPerps’ free endpoint. Details in section 5.

3. What a Hyperliquid liquidation map is, and why it is exact

A liquidation map answers one question: if price moves to level X, how much position value gets force-closed? Longs get forced out as price falls and shorts as it rises, so long bars stack under the market and short bars over it; the height of a bar is the dollar exposure that would be closed inside that band. The largest bars are the levels most likely to act as magnets, because anyone who pushes price into them releases a burst of forced market orders.

Centralized exchanges do not publish this data, so CoinGlass and others build heatmaps by modelling where leverage was probably applied from open interest, price changes and assumed leverage. On Hyperliquid the model is unnecessary. The exchange runs on its own chain, and one clearinghouseState request to the public info API returns any address’s open positions with size, leverage, margin mode and the exchange’s own liquidationPx. A Hyperliquid liquidation map is the real list of levels, aggregated. CoinMarketCap labels its version “Hyperliquid Exact” for that reason.

The catch is that exactness is a snapshot. A level is exact when you read it, but traders add margin, cut size or close, and cross-margin liquidation prices move whenever another position in the same account moves. A map from an hour ago can be wrong; a map from a minute ago is close enough to trade on.

Liquidation map vs liquidation heatmap

The two words get mixed up in search, but they are different views. A liquidation map is a bar chart of current levels by price. A liquidation heatmap adds time on the horizontal axis and shades each price band by how much is stacked there, so zones that persist stay bright and zones that were consumed go dark. For centralized exchanges a heatmap has to be a model. For Hyperliquid it no longer does: the CoinMarketCap Liquidation Heatmap, launched in September 2026, records the exact level of every open Hyperliquid position about every 5 minutes, and changing its range only zooms the chart. In practice: open the map to see which bands price would run into next, and the heatmap to judge whether those bands are old and persistent or were only just built.

Why a Binance HYPE heatmap still matters for Hyperliquid

Hyperliquid liquidates at the mark price, and one of the three inputs to the mark is the median of centralized-exchange perp prices from Binance (weight 3), OKX (2), Bybit (2), Gate (1) and MEXC (1), according to the official docs. The other two inputs come from Hyperliquid’s own book and the oracle. So a liquidation cascade through a dense HYPE cluster on Binance moves one input of Hyperliquid’s mark directly, and can drag Hyperliquid positions into their levels even before Hyperliquid’s own book moves. Model heatmaps for the CEX side and the exact Hyperliquid map are two halves of the same picture. More on how the mark is built in mark price vs index price.

4. How to read a Hyperliquid liquidation heatmap or map

The steps are the same for the bar-chart map and the time-by-price heatmap; the heatmap adds step 5, telling fresh clusters from swept ones.

1. Pick the coin and find the price marker. Long liquidations sit below it, short liquidations above. On CoinMarketCap you can switch between the token aggregate and a single market.
2. Find the largest bar on each side and measure its distance in percent. A $100M bar 5% away can be reached in one volatile session; a bigger one 60% away is positioning information, not a target. Distance matters more than size, and the “largest magnet zone” a tool highlights is often the farthest one.
3. Check who is behind the bar. One position from one whale can be defended with more margin or closed early. Twenty positions from twenty accounts behave like a crowd and are far more likely to actually liquidate. The CoinGlass whale table (see our Hyperliquid whale tracker guide) and Hyperdash (Hyperdash guide) show the owners; CoinMarketCap’s leverage colours are a proxy, since high-leverage bands are dense with small accounts.
4. Compare against open interest. A $100M cluster is a much bigger event on HYPE or SOL than on BTC. Our live markets table lists open interest per coin.
5. Separate fresh clusters from swept ones. On a heatmap, a band that price has already run through and that went dark is spent: the forced orders have fired. A bright band that has persisted for a day or more and has not been touched is the live magnet.
6. Watch the drift over 12–24 hours. Levels move as traders add margin, as funding changes account value and as new positions open. A cluster that keeps sliding away from price is being defended; one that keeps thickening is being crowded.
7. Cross-check funding. Stretched positive funding plus a big long cluster just below price is the classic long-squeeze setup; stretched negative funding plus a short wall just above is the mirror. Live rates are in our Hyperliquid funding rate tables.

Different tools also sample different traders, which is why their pictures differ. At 23:26 UTC on September 26, HyperPerps, which reads about 21,000 wallets, put the heaviest BTC long cluster at $83,081 ($20.1M), just 1.5% below price, and no whale held a position there: it was made of smaller accounts. On October 15, 2026 (04:41 UTC) the two samples agreed: HyperPerps’ heaviest BTC long cluster was at $79,505 ($49.6M across 16 wallets), the zone of the $77,000–80,000 row in our whale table, where three whale longs at 25x–40x sit. Retail clusters near price and whale clusters farther out are both real; they answer different questions, so read both.

5. Hyperliquid liquidation data and history: API and alerts

“Hyperliquid liquidations” usually means what already happened, not what could. Hyperliquid has no market-wide liquidation stream or endpoint in its API: a liquidation is flagged in the liquidated account’s own fills, and the only complete record is the node fill archive on S3, so every history below is either one account at a time or a third party that collected all of them. Where to look:

• Exchange-wide history: Allium’s dashboard counts realized Hyperliquid liquidations from fills that carry a liquidation field (median size, notional, users liquidated). For the HYPE token on centralized exchanges, Coinalyze and Gate break liquidations down by exchange, and the CoinGlass Liquidation History Heatmap counts liquidation trades per coin.
• One account: paste the address into the Hyperliquid explorer or Hyperdash; liquidation fills are marked in the trade history.
• API: clearinghouseState returns open positions with liquidationPx (weight 2 of a 1,200-per-minute budget; add "dex" for HIP-3 markets). Each fill in userFills can carry a liquidation object with the liquidated user, the mark price and the method, market (sent to the book) or backstop (taken by the liquidator vault). The userEvents websocket pushes liquidation events as they happen. Setup and rate limits: Hyperliquid API guide.
• Alerts and Telegram: third-party bots post large liquidations to Telegram, and CoinGlass has its own alert feature. We have not audited any of them. A price alert just before the cluster you watch, or a websocket subscription to the addresses you care about, does the same job with no middleman. See how to set up price and liquidation alerts.

Hyperliquid liquidation data: what you can pull yourself

Three questions come up in search, and each has a different source:

• “Hyperliquid liquidation history” for the whole exchange: the only official record is the node fill archive (node_fills_by_block on S3, requester pays), where each liquidation fill carries the liquidation field. Parsing it, and the other archives, is covered in our Hyperliquid historical data API guide. Allium offers the same data as ready-made tables.
• “Hyperliquid liquidation data” for a list of accounts: query userFillsByTime per address and keep the fills whose liquidation.liquidatedUser is that address. Page through the results (one response holds at most 2,000 fills; restart from the last fill’s time) and count failed requests instead of treating them as empty. That is how the October 4–October 15, 2026 figure in section 1 was built, from the 937 accounts of our whale snapshot.
• “Hyperliquid liquidation levels API”: clearinghouseState per address for exact liquidationPx values, or the HyperPerps endpoint for clusters already aggregated across about 21,000 wallets (it powers the table at the top of this page).

6. How Hyperliquid liquidations execute

Reading the map well requires knowing what happens when a level is hit, because the mechanism decides whether a cluster becomes a cascade. From the official liquidation docs, read on October 15, 2026:

• Trigger. A position is liquidatable when account equity falls below the maintenance margin, which is half the initial margin at the asset’s maximum leverage (table in section 7). Large positions fall into lower leverage tiers and therefore face higher maintenance.
• Price used. The mark price, which combines external CEX prices with Hyperliquid’s own book and updates about every 3 seconds (how it is built: Hyperliquid mark price vs index price). Printing one bad trade on Hyperliquid’s book is not enough to trigger a cluster.
• Execution. The position is sent to the order book as market orders. For positions over 100,000 USDC only 20% is sent at first; after a partial liquidation there is a 30-second cooldown during which further liquidation orders are for the whole position. Collateral left once maintenance is met stays with the trader, and there is no clearance fee.
• Backstop. If equity drops below two-thirds of maintenance margin without a successful book liquidation, the liquidator vault, a strategy inside HLP, takes the position, and the maintenance margin is not returned. For cross positions, all cross positions and cross margin transfer together.
• Auto-deleveraging. If an account ends up with negative value, profitable traders on the other side are ranked by unrealized PnL and leverage and closed at the previous mark price, so the exchange carries no bad debt. A lopsided map, with a huge short cluster above and almost nothing below, is where ADL risk concentrates for the winning side if that cluster ever breaks.

The consequence for the map: every level that gets hit becomes taker flow on Hyperliquid’s book in the direction of the move. Slicing large positions and a blended mark price slow cascades compared with venues that liquidate whole positions at their own last price, but they do not stop them. A cluster that is large next to visible book depth will still walk the mark into the next cluster. That feedback loop is covered in how liquidation cascades form.

7. Estimate your liquidation price, and leverage caps

Before trading around other people’s levels, know your own. This quick estimate uses Hyperliquid’s published formula for an isolated position (for both sides, cross margin and other venues, open the liquidation price tool); for cross margin, the liquidation price depends on total account value instead. For every Hyperliquid perp with margin tiers, cross margin, fees, funding and PnL, use the full calculator; the derivation and other venues are in the DEX liquidation price calculator.

Hyperliquid Calculator — One Hyperliquid position end to end: margin, liquidation price, fees, hourly funding, PnL and ROE for every perp market. — Open the calculator →

How leverage caps set how far clusters sit from price: the higher an asset’s maximum leverage, the closer to price its most aggressive positions liquidate. Maximum leverage and margin tiers from the registry, maintenance margin derived from the docs rule:

Distance from entry to liquidation for an isolated long:

Worked example with the snapshot price: a 10x isolated BTC long at $81,375 liquidates at about $74,165, just under the 1,003 BTC whale long that liquidates near $74,450. If price falls that far, the whale’s position is force-sold first, in slices of 20% of an $81.6M position, and that selling pushes the mark straight into your level. At 20x the same entry liquidates at $78,285, only 2.4% below BTC’s low since October 4 of $80,193, inside the crowd of 25x–40x longs at $77,900–79,400, so one slightly wider day would take you out together with them. Putting your liquidation price inside or just beyond a big cluster is the most avoidable mistake on the map. Two rules: keep your level clear of the nearest large cluster, and set a stop above your liquidation price so you keep the maintenance margin instead of handing it to the backstop. Related: cross vs isolated margin, leverage tiers across DEXs.

8. Trading around Hyperliquid liquidation clusters

Setups that use the map

• Fade the flush. When price is driven into a large long cluster, the forced selling is mechanical and finite. Wait for the cluster to clear (the bars disappear and the heatmap band goes dark), then look for a long on the reversal with a stop below the wick. Buy after the cluster is gone, not into it.
• Ride the magnet. If a large cluster of many accounts sits within 3–5% and the market is already moving toward it, trade in the direction of the move with a take-profit just before the cluster. This does not need the cluster to break or a reversal call.
• Never park a stop inside a cluster. Your stop becomes one more market order in the same burst and fills at the worst prices. Put it before the cluster or well beyond it.
• Size against the map. If your liquidation level would land inside a dense cluster, lower the leverage until it does not. The map is a leverage selector as much as a signal.
• Use funding as the filter. A long cluster below price matters most when funding is stretched positive (longs crowded and paying); a short wall above matters most when funding is deeply negative.

What not to do

• Do not treat every bar as a target. Most levels are never hit. Bars far from price describe positioning, not trades.
• Do not ignore who owns the bar. A single whale with free margin can defend a level, but not always in time: in October one sending address funded three whale positions, and the two ETH longs among them still lost 20% slices to liquidation when ETH fell fast on October 8, then were refilled. As the September 20 snapshot showed, a whale can also simply leave.
• Do not forget the map is public. Every market maker sees the same clusters. The edge is in combining the map with funding, open interest and your own limits, not in the map alone.
• Do not use a CEX heatmap as Hyperliquid data. Binance moves feed Hyperliquid’s mark price, but the levels that create forced flow on Hyperliquid’s book are Hyperliquid’s own.

FAQ

Disclosure: HOLYGRAIL is our referral code; we earn a share of referred accounts’ fees. None of the tool links are affiliate links. Liquidation clusters were computed from public Hyperliquid API data at October 15, 2026 (04:30 UTC) and change constantly; the near-price heatmap comes from the HyperPerps public API at build time; tool features and prices were read on each tool’s site (September 27, 2026, re-read October 15) and liquidation mechanics from the official Hyperliquid docs on October 15, 2026. Nothing here is investment advice.