MERL$0.02814-7.14%Market Cap$39.35M
Circulating Supply1,391,178,548
Total Supply2,100,000,000
WebsiteWebsiteWhitepaper
Explorersscan.merlinchain.io
MERL$0.02814-7.14%Open Interest-6.34%$12.72M
Futures Volume+8.11%$14.04M
Liquidation+560.88%$36.20K
Long Liquidation+1357.70%$34.92K
Short Liquidation+4.91%$1.27K
MERL Long/Short All0.951
Binance Long/Short0.849
OKX Long/Short0.750
Bybit Long/Short0.796
Hyperliquid Long/Short0.731
Funding Rate
MERL OI-Weighted (4h)+0.0043%
Binance MERL/USDT (4h)+0.0050%
OKX MERL/USDT (4h)+0.0050%
Bybit MERL/USDT (8h)-0.0053%
Hyperliquid MERL/USD (1h)+0.0013%
Total liquidated · 1DA liquidation is the forced closure of a leveraged futures position by the exchange, triggered when a trader's margin can no longer cover the position's losses. Learn more →—
vs 1D average—
Longs liquidated · 1D—
Shorts liquidated · 1D—
MERL Liquidation Chart · Perpetual · Aggregated
Liquidated volume over time · per 4hshortslongsMERL price
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View MERL liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more
Exchanges MERL Liquidations
Liquidations by Exchange · Top 55
$16.99KBinance
$16.62KOKX
$7.16KBitget
$1.83KBybit
$5.31Gate
- Binance$16.99K
- OKX$16.62K
- Bitget$7.16K
- Bybit$1.83K
- Gate$5.31
| Exchanges | % Long/Short | Liquid 24h | Long Liquidations | Short Liquidations | |
|---|---|---|---|---|---|
| ΣAll Exchanges | $36.20K | $34.92K | $1.27K | ||
| BBinance | $16.99K | $14.62K | $2.36K | Trade | |
| OOKX | $16.62K | $16.08K | $533.62 | Trade | |
| BBitget | $7.16K | $7.16K | $0.00 | Trade | |
| BBybit | $1.83K | $745.77 | $1.09K | Trade | |
| GGate | $5.31 | $5.31 | $0.00 | Trade |
Liquidation values are long and short positions liquidated (USD). Live candles update about every 10 seconds; intraday figures are finalized nightly.
$36.20K in MERL futures positions were liquidated over the past 24 hours — $34.92K from longs and $1.27K from shorts. The 24-hour MERL liquidation imbalance is longs 96% / shorts 4%. Long liquidations account for roughly 96% of the total, pointing to downside price pressure catching leveraged longs. Relative to $14.04M in 24-hour volume, that equals about 0.26% of turnover. Learn more about how liquidations work →
See the market-wide liquidation heatmap → · View the MERL liquidation heatmap
About MERL liquidations
Merlin Chain liquidations (MERL liquidations) are forced closures of leveraged MERL perpetual futures positions. This page charts long and short liquidations against price from hourly to daily candles, with 24-hour totals broken down by exchange.
Long liquidations cluster when price falls through leveraged longs; short liquidations when it rips through leveraged shorts. Totals aggregate every tracked exchange, exclude venues reporting no data, and refresh continuously.
Frequently asked questions
What is MERL liquidation right now?
Forced closures in MERL futures total $36.20K over the past 24 hours, split into $34.92K of longs and $1.27K of shorts, summed across every tracked exchange.
Which exchange has the most MERL liquidations?
Binance leads with $16.99K in MERL liquidations over the past 24 hours — about 47% of the $36.20K total. The exchange table below carries the full long/short split.
Are MERL longs or shorts being liquidated more?
Longs are taking the bigger hit: $34.92K versus $1.27K over the past 24 hours — the pattern left when price moves down through leveraged longs.
What is the MERL liquidation imbalance right now?
Over the past 24 hours longs make up 96% of MERL liquidations and shorts 4% — a long-heavy imbalance, which usually follows a drop that caught leveraged longs.
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