What It Measures
The dollar size and direction of BTC perpetual futures liquidations — forced closeouts of over-leveraged long or short positions — over the most recent batch of events.
Live indicator · refreshed automatically
Liquidations
$0.44MShort Liquidations Dominant
Last updated OCT. 11, 2026 · 6:52 AM UTC
How It's Calculated
Pulled from OKX's public liquidation-orders feed for the BTC-USDT perpetual swap: the most recent 100 filled liquidation events, split into total long-side vs. short-side notional value. A share of ≥65% on one side reads that side Dominant; otherwise Balanced, or Quiet if there were no liquidations at all in the window. Because this is a fixed count of events rather than a fixed time window, the window itself stretches during quiet markets and shrinks during volatile ones - the last 100 events span roughly 1296 minutes right now.
An Honest Note On Coverage
This covers OKX's own order flow only, not an aggregate across every exchange — there is no free, no-key data source for that (the well-known aggregators require a paid plan). Treat this as a real, representative sample of BTC perpetual liquidation activity, not a total market figure.
Why It Matters
Long-dominant liquidations mean a sharp drop forced leveraged longs out; short-dominant means a sharp rise forced leveraged shorts out (a short squeeze). Either way, it's forced selling or buying, not organic.
Data Source & Update Frequency
OKX public liquidation-orders API, no key required. Refreshed automatically every 15 minutes.
Recent readings
OCT. 11, 2026 1:31 AM UTC–
OCT. 11, 2026 1:57 AM UTC–
OCT. 11, 2026 2:18 AM UTC–
OCT. 11, 2026 2:46 AM UTC–
OCT. 11, 2026 3:16 AM UTC–
OCT. 11, 2026 3:48 AM UTC–
OCT. 11, 2026 4:16 AM UTC–
OCT. 11, 2026 4:47 AM UTC–
OCT. 11, 2026 5:15 AM UTC–
OCT. 11, 2026 5:46 AM UTC–
OCT. 11, 2026 6:20 AM UTC–
OCT. 11, 2026 6:52 AM UTC–
Refreshed automatically every 15 minutes: nothing here is backfilled or estimated.