| Exchange | Est. long liquidations | % of its OI | Open interest | |
|---|---|---|---|---|
| BBinance | $94M | 1.0% | $9.35B | |
| BBybit | $47M | 1.0% | $4.65B | |
| GGate | $44M | 1.0% | $4.43B | |
| MMEXC | $40M | 1.0% | $4.08B | |
| HHyperliquid | $28M | 1.0% | $2.69B | |
| OOKX | $26M | 1.0% | $2.63B | |
| HHTX | $21M | 1.0% | $2.01B | |
| BBitget | $18M | 0.9% | $1.99B | |
| KKuCoin | $16M | 1.0% | $1.67B | |
| WWhiteBIT | $14M | 1.0% | $1.34B | |
| BBingX | $8M | 1.0% | $800M | |
| CCrypto.com | $7M | 1.0% | $730M | |
| BBitfinex | $5M | 0.9% | $570M | |
| AAster | $4M | 1.0% | $404M | |
| LLighter | $2M | 1.0% | $250M | |
| KKraken | $2M | 1.1% | $164M | |
| CCoinbase | $1M | 1.0% | $136M | |
| BBitmex | $533K | 1.2% | $46M | |
| Total | $379M | 1.0% | $37.94B |
The cascade simulator answers one question: if the price of a coin moved X% right now, how much leveraged money would be forcibly closed? Pick a coin, drag the shock slider anywhere between −30% and +30%, and the simulator sums every estimated liquidation level sitting between the current price and your target — in total, per exchange, and per 1% price step.
The levels come from the same transparent leverage model that powers the Coinfuty liquidation heatmap: each exchange's open interest is split into longs and shorts, spread across recent entry prices, and broken into leverage tiers with a liquidation price for every tier. The raw map is then fitted to reality — density right next to spot is damped, because those levels have been swept over and over, and the whole map is scaled until the model reproduces the liquidations exchanges actually printed over the same window.
Every figure is an estimate, not a ledger. Exchanges publish liquidation prints, not position books, so nobody outside an exchange knows where every stop sits. The simulator is also first-order only: it measures how much leverage sits inside a move, not how far the resulting cascade would push the price. Treat it as a way to size risk, not as a trade signal.
A liquidation cascade is a chain reaction in leveraged markets: a price move forces some positions to be liquidated, the forced selling or buying pushes price further, and that triggers the next layer of liquidations. Cascades are why crypto moves often accelerate once they reach zones dense with leveraged positions.
It maps each exchange's open interest to estimated liquidation prices using transparent leverage tiers, drops levels the price has already crossed, then calibrates the map against the liquidations exchanges actually printed over the same window. Moving the slider simply sums every surviving level between the current price and your target price.
No. Exchanges publish liquidation events after they happen, not the liquidation prices of open positions, so no tool can display real pending liquidations. These are model estimates anchored to live open interest and calibrated against realized liquidations.
Because every model is re-fitted to the same realized liquidations, the headline total stays anchored to what actually happens in this market. Switching between conservative, balanced and aggressive mainly changes where the liquidation bands sit — closer to or further from the current price — not how much money is at risk overall.
No — it is first-order by design. It answers how much leverage sits inside a given move, not how far the forced selling would push the price afterwards. Treat a large number as fuel that exists along the path, not as a prediction that the path gets travelled.