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 LINK liquidation levels around the current price of $8.77, 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.
LINK sits in the mid-cap liquidity tier where liquidation mechanics matter most: books are deep enough to host serious leverage, but thin enough that clearing a large cluster visibly moves price. The Chainlink heatmap regularly shows this — dense zones a few percent from spot that, once touched, produce fast wicks as stacked positions unwind together.
Chainlink also has a committed holder base that trades around a long-term thesis, so short-side leverage builds during downtrends more stubbornly than in most alts. When the map shows a heavy band above price after a decline, it often marks trapped shorts whose forced buying can fuel a squeeze.
By tracking Chainlink open-interest changes bar by bar, distributing new positions across leverage cohorts, and projecting each cohort's liquidation price. The cohort weights are validated against realized LINK liquidations.
Positions estimated to sit there get liquidated — forced market orders that can accelerate the move. The model then clears that inventory from the map, which is why zones disappear after being swept.
Yes. Switch venues with the exchange selector — each per-exchange view is built independently from that exchange's own open interest and volume, so crowded venues stand out.