Cross-exchange liquidations
Every executed liquidation across Binance, Bybit and OKX perpetuals, plotted as it lands. Time on the X axis, price on Y, dot size scales with the USD notional, fill colour marks the side that got force-closed and the outline tags the venue that reported the print. Filter by exchange or minimum size; pause on hover; jump windows from one-minute scalp tape to 24-hour macro view.
How to read the tape
Each dot is one liquidation reported by Binance, Bybit or OKX. The fill marks the side that got force-closed: red when a long was liquidated (price moved down through its level), green when a short went (price moved up). The outline tags the venue — yellow Binance, orange Bybit, cyan OKX — so you can tell whether a cascade is single-exchange or cross-exchange consensus. The size scales logarithmically with USD notional, so a $1 M force-close visibly stands out from a hundred $10 k events without drowning the tape.
Spotting cascades
A cascade reads as a tight cluster of same-colour dots within a few seconds, with rising sizes as each margin layer falls into the next. Cascades mark local extremes more reliably than any funding or OI gauge, because they are the visible footprint of price punching through dense stop-loss layers. Drop into the 1m window to read the rhythm inside the break; jump to 24h to place the cascade against the day's range. A stricter cascade-detection rule lives in the methodology.
Cross-exchange divergence
When Binance prints a cloud of liquidations while Bybit and OKX stay quiet, it is almost always isolated Binance funding that wiped out local longs without touching the same book on the other venues. The inverse — Bybit firing while Binance is silent — usually means a concentrated cluster of leveraged accounts on Bybit. The cross-exchange tape makes that imbalance literal instead of hidden inside an aggregated 24 h number. Cross-check with the funding term structure to confirm the side and magnitude.