Estimated liquidation levels across exchanges, built from open-interest changes, price action and taker flow on our own data — brighter cells mark price zones where more leveraged positions would be liquidated. These are model estimates (leverage cohorts at 10x/25x/50x/100x), not exchange-published figures; dollar values are estimated notional at risk, anchored to open interest. Updates every minute.
The heatmap maps estimated ADA liquidation levels around the current price of $0.1825, built from open-interest changes and price action across exchanges and anchored to open interest. Cluster sizes are model estimates — upper bounds, not exchange-published figures.
Cardano's derivative market moves at a slower pulse than the high-beta majors: open interest builds gradually and holds through longer ranges. The practical effect on the ADA heatmap is persistence — liquidation shelves often survive for days or weeks, giving an unusually clear picture of where the leveraged crowd entered and where their pain points sit.
ADA's long consolidations also mean the same price bands get revisited repeatedly. When price finally breaks a range, the map usually shows exactly which side had accumulated inventory inside it: the breakout direction tends to travel toward the thicker cluster, clearing it level by level.
Each band is a price zone holding estimated liquidation levels for open Cardano futures positions. Warmer, brighter colors mean more estimated notional would be forced to close if ADA traded at that price.
Cardano open interest turns over slowly, so positions opened long ago can stay alive through extended ranges. The model keeps their estimated liquidation prices on the map until price clears them or the positions are closed voluntarily.
They are statistical estimates calibrated against realized liquidations, useful for mapping risk zones — not exact trigger prices. Combine them with the ADA liquidation history and open-interest charts for context.