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LIQUIDATIONS

How much was closed out by force

Positions the exchange closed when the collateral behind them ran out, by side, by exchange and by size.

Usually daily

  1. Where does it stand?

    $16.6 million
    closed out by force in a day
    On 5 of the 11 exchanges we cover, as of Sep 7, 2026.
    $15.1 million
    of up-bets closed out
    On 5 of the 11 exchanges we cover, as of Sep 7, 2026.
    $1.5 million
    of down-bets closed out
    On 5 of the 11 exchanges we cover, as of Sep 7, 2026.
    90.9%
    of it was up-bets
    On 5 of the 11 exchanges we cover, as of Sep 7, 2026.
    1,347
    positions closed out
    On 5 of the 11 exchanges we cover, as of Sep 7, 2026.
    $12,330
    the average one
    On 5 of the 11 exchanges we cover, as of Sep 7, 2026.
    $788,137
    the largest one that day
    On 5 of the 11 exchanges we cover, as of Sep 7, 2026.
    $26.25 billion
    in open bets
    On 18 of the 20 contracts we cover, as of Sep 7, 2026.

  2. Which side was closed out?

    90.9% of it was people betting on a rise

    $15.1 million of up-bets and $1.5 million of down-bets were closed out. Closing a position that was betting on a rise means selling, so a wave of them pushes the price the way it was already going. That is why a large day here usually sits at the end of a sharp move rather than at the start of one.

    Recorded on 5 of the 11 exchanges we cover; the rest publish no reading of this kind. This reading has been complete since Sep 7, 2026; the 67 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.

    as of Sep 7, 2026

  3. How big was that against the money at stake?

    0.1% of the open bets

    $16.6 million was closed out against $26.25 billion riding on futures. Read as a share it is usually small, and the days worth noticing are the ones where it is not. The two figures cover different numbers of exchanges, which the coverage lines under each of them give.

    as of Sep 7, 2026

  4. Which exchanges carry it?

    These add up to the total above. As of Sep 7, 2026.

  5. What were the biggest ones this week?

    • Binance, an up-bet at $77,819$3.0 million
    • OKX, a down-bet at $79,568$2.6 million
    • Binance, an up-bet at $77,955$2.2 million
    • OKX, a down-bet at $79,679$1.6 million
    • OKX, an up-bet at $80,693$806,933
    • OKX, a down-bet at $79,548$795,479
    • OKX, a down-bet at $79,106$791,057
    • OKX, an up-bet at $78,814$788,137

    The largest single closures recorded over the past week, biggest first, which is a wider window than the daily readings above and is why the top row here can be several times the largest of any one day. The side named is the position that was closed, not the order that closed it.

  6. What does this cover?

    11 exchanges: Binance, Bitget, BitMEX, Bybit, Coinbase International, Gate, HTX, Hyperliquid, Kraken Futures, MEXC and OKX.

    Recorded on 5 of the 11 exchanges we cover; the rest publish no reading of this kind. This reading has been complete since Sep 7, 2026; the 67 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.

    3 exchanges: Binance, Bybit and OKX.

    Recorded on all 3 exchanges. This reading has been complete since Sep 7, 2026; the 67 earlier days are not published, because a total that climbs as exchanges arrive is not a market move.

    Two views of the same number run side by side on this page and are never joined into one line. The wider one covers every exchange here and is the more complete picture; it is also the younger, because it only begins on the first day all of them reported. The narrower one is three exchanges with months of history behind it. A single line spliced from both would draw a step upward on the morning the other exchanges arrived and it would look exactly like a market move.

The futures market in one place →
The money riding on it, what it costs to hold, and which way it leans.
How much money is riding on futures →
The open positions these closures come out of.
Which side is paying to hold its position →
The fee that builds up before a forced closure.

Understanding Bitcoin Liquidations

Where it stands today

$16.6 million of positions were closed out by force in a day as of .

$15.1 million of that was people betting on a rise as of .

$1.5 million of that was people betting on a fall as of .

A leveraged position is backed by collateral. When the price moves far enough against it, the exchange closes the position rather than waiting, and that forced close is a liquidation. Because closing a long position means selling, a wave of them pushes the price the way it was already going, which is why a large day here often sits at the end of a sharp move rather than at the start of one.

The side named is the position that was closed, not the order that closed it. Up-bets closed out means people who were betting on a rise; down-bets closed out means the other side.

These totals describe what was recorded, never the whole market. One exchange publishes at most one closure per second per contract, so its figure is a floor rather than a count, and several exchanges publish no record of forced closures at all. The coverage line under every reading says how many are behind it, and the honest way to read the number is as a comparison with other days on the same basis rather than as a total.

Two views of the same number run side by side on this page and are never joined into one line. The wider one covers every exchange here and is the more complete picture; it is also the younger, because it only begins on the first day all of them reported. The narrower one is three exchanges with months of history behind it. A single line spliced from both would draw a step upward on the morning the other exchanges arrived and it would look exactly like a market move.