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 LIT liquidation levels around the current price of $4.32, 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.
The Lighter liquidation heatmap — the LIT heatmap, or LIT heat map — plots estimated liquidation levels for LIT futures by price and time, so you can see where leveraged longs and shorts would be forced out.
LIT is the token of Lighter, one of the new wave of high-performance perp DEXes — and like most young exchange tokens, its own derivative market is still in price discovery. Open interest history is short, flow is bursty, and the heatmap reflects a market whose leverage culture is forming in real time rather than one with settled habits.
Early-stage markets like LIT reward the heatmap's window controls: shorter windows capture the fast-moving current structure, while longer views show how zone-building has evolved since listing. Expect asymmetry — new DEX tokens attract launch-cycle longs first, so early maps typically carry more inventory below price than above.
Only since the token's futures listing — the display automatically crops to the period where open-interest data exists, so shorter windows are the most fully populated.
They carry wider uncertainty: less history means less calibration data specific to this market. The model leans on cross-market calibration until LIT accumulates its own track record.
Exchange tokens often lead their platform's news cycle — listings, incentives, volume milestones — and leveraged traders position around that. The map shows where that positioning becomes forced flow.