This chart shows estimated liquidation levels based on activity at levels and typical leverage distributions. Bright areas indicate high concentrations of potential liquidations.
How it works: When open interest increases, new positions are opened. Based on the taker buy/sell ratio, we estimate how much is long vs short. Using risk brackets and common leverage levels (10x-100x), we calculate where these positions would get liquidated.
Levels persist until price wicks through them, at which point they are "consumed" (liquidated). This creates a dynamic map of where liquidation cascades might occur.