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 SUI liquidation levels around the current price of $0.6829, 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.
SUI belongs to the newer generation of layer-1 tokens whose derivative markets grew up fast: open interest reached major-alt scale within its first years, driven by narrative rotations in and out of the ecosystem. On the heatmap this shows as waves — leverage floods in during a narrative phase and builds dense zone structure, then drains during quiet months leaving a sparse map.
Token unlocks are part of the SUI picture. Supply events tend to anchor expectations, and leveraged positioning often builds around them, so it is common to see liquidation shelves harden ahead of unlock dates as traders pre-position — a rhythm the time axis of the map makes visible.
Bar-by-bar changes in SUI open interest, distributed across calibrated leverage tiers and projected to the prices where each tier would be liquidated. Zones grow when new leverage enters and clear when price sweeps them.
Sui's leveraged flow is narrative-driven — open interest expands sharply during ecosystem hype and contracts after. The map simply mirrors how much at-risk inventory exists at any moment.
Distant clusters are upper-bound estimates: positions may close voluntarily before price ever reaches them. Nearer zones, refreshed by recent flow, are the more actionable part of the map.