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 DOGE liquidation levels around the current price of $0.06986, 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.
Dogecoin trades like a sentiment index: social momentum builds one-sided leverage faster than in almost any other large market. The DOGE heatmap typically shows long liquidation clusters stacking below price during hype phases, because retail traders lever into strength — and those same clusters explain why DOGE corrections are so sharp when momentum stalls.
DOGE also keeps meaningful weekend activity, when thinner books make it easier for price to reach outlying zones. A cluster that looks distant on Friday can get swept in a low-liquidity Sunday move, so the time axis of the map is worth as much attention as the price axis.
It reflects positioning, not a rule. Dogecoin rallies attract heavy retail long leverage, which stacks liquidation levels below price. When the market is short-crowded instead, the bright zones flip to above price.
No — it is a forward-looking estimate of where open positions would be liquidated, modeled from open interest, price and taker flow. Exchange liquidation feeds only show liquidations after they happen.
The default view aggregates DOGE futures across the major venues we track; the exchange dropdown switches to a single exchange, using only that venue's open interest and volume.