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 ASTER liquidation levels around the current price of $0.6032, 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.
ASTER emerged from the perp-DEX boom with one of the most explosive debuts of its cohort, and its derivative market inherited that energy: volatile discovery-phase price action, rapid open-interest swings and a leverage crowd trading momentum on both sides. Its heatmap is correspondingly lively — zone structure can rebuild wholesale within days.
Trading a young, volatile token argues for reading the map defensively: dense near-price zones show where cascades could start, and the aggregated view smooths out single-venue quirks that matter more when overall liquidity is still maturing. Cross-checking with ASTER's open-interest chart shows whether the market is in an expansion or flush phase.
Discovery-phase markets churn open interest at high speed — positions open, liquidate and reopen within short spans, so the estimated level map turns over just as quickly.
All exchanges we track that list ASTER futures; the aggregated view merges them and the dropdown isolates any single venue's own open interest and volume.
The open-interest and realized-liquidation charts on the ASTER coin page — expanding OI with dense zones near price is the classic setup for cascade risk in a young market.