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 BNB liquidation levels around the current price of $609.83, 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.
BNB's derivative market has a structure no other large coin shares: the overwhelming majority of its perp liquidity sits on a single venue, Binance. That concentration makes the per-exchange view unusually decisive here — the aggregated map and the Binance map are nearly the same picture, and other venues contribute only thin edges.
BNB itself tends to be less volatile than peer alts, held down by its utility role in fees and launch events. Liquidation zones therefore build close to price and get tested by relatively small moves; a 3-4% swing can clear shelves that would need a 10% move on a high-beta alt.
Binance hosts most BNB futures open interest, so it dominates the aggregated view. Selecting Binance in the exchange dropdown isolates it; other venues carry far smaller books.
Lower realized volatility encourages tighter leverage: traders accept liquidation prices nearer to entry on a coin that moves less. The model reflects that through its calibrated leverage mix.
The heatmap re-estimates every minute from the latest open-interest and price candles, and the page itself revalidates continuously.