BTC Liquidations

The dollar value of borrowed-money crypto bets that Bybit force-closed during each UTC day, added up across the ten coins we stream: Bitcoin, Ethereum, Solana, XRP, Dogecoin, Cardano, Chainlink, Litecoin, Avalanche and Pepe. Green above the line is rise-bets being closed out; red below it is fall-bets. This is a total for those ten coins on that one exchange. It is NOT a total for the whole crypto market, and it does not include Binance, OKX or any other venue.

Some traders borrow money to bet on a coin's price. A rise-bet (a "long") wins if the price goes up; a fall-bet (a "short") wins if it goes down. When the trader's own deposit can no longer cover the loss, the exchange closes the bet for them, at market, whether they like it or not. That forced closure is called a liquidation, and its size is measured in US dollars.

This chart adds every one of those forced closures together for one UTC day, across the ten coins our live Bybit connection listens to: Bitcoin, Ethereum, Solana, XRP, Dogecoin, Cardano, Chainlink, Litecoin, Avalanche and Pepe. Rise-bets are drawn above the zero line and fall-bets below it, so the height of the two together is the day's total. The newest day's bar keeps growing until midnight UTC.

This chart exists because the bitcoin-only version reads far smaller than the headline numbers other sites print, and the difference is coverage, not disagreement. Over the 20 days we held between 30 July and 19 August 2026, the ten coins together came to about $268 million force-closed on Bybit, against about $116 million for bitcoin on its own — roughly 2.3 times as much. Ethereum alone accounted for more of that than bitcoin did.

A tall green bar means a lot of borrowed-money buying was sold out from under its owners that day, which usually happens during a fall. A tall red bar means the opposite: fall-bets were bought back under duress while the price rose. For example, $40 million of rise-bets and $10 million of fall-bets on one day means $50 million was force-closed across these ten coins on Bybit that day — not $50 million across all coins and all exchanges.

For every liquidation message Bybit's public allLiquidation stream sends us, on any of the ten symbols we subscribe to, multiply the closed quantity by its price to get US dollars. Separate rise-bets from fall-bets, add each side up per hour, then add the hours together within the UTC day and across all ten coins. The day's total is |rise-bets| + |fall-bets|.

A day on which not one of the ten coins recorded a forced closure is left OUT of the chart rather than drawn as a zero: a zero would claim we measured a quiet day, when in truth we recorded nothing at all. 7 August 2026 is such a day and it is simply absent. Each day we do show also carries a count of how many of the ten coins actually had a forced closure — it was ten on every day except 8 August 2026, when it was nine — so a total is never quietly credited to ten coins when fewer of them moved.

Three limits. The first two make this number SMALLER than totals you will see elsewhere; the third is about which side of the bar you are reading.

One exchange, and ten coins. Sites that headline a whole-market figure add up hundreds of coins across a dozen venues, so theirs will always be the larger number; ours is a real measurement of a smaller, named slice.

Binance is being added. Its live futures socket refused our server for weeks, and a second route to it was found on 2026-08-19. But Binance publishes only the LARGEST forced closure per coin per second and discards the rest, so a Binance figure is a floor, never a count — and it undercounts hardest during a cascade, which is the only moment this chart matters. Bybit sends every message. The two are therefore kept as separate numbers and never quietly added into one.

Which side is which: before 19 August 2026 our stored rows had rise-bets and fall-bets the wrong way round — Bybit labels the ORDER that closes a position, not the position, and we read it as the position. The totals were never affected (both sides are added together), only the split. Fixed at the source and the stored history corrected.

Our own live connection to Bybit's public allLiquidation WebSocket, ten linear USDT perpetual symbols (BTC, ETH, SOL, XRP, DOGE, ADA, LINK, LTC, AVAX and 1000PEPE), banked to our database every minute.

Our own Bybit WebSocket · 10 coins, 1 exchange only · 1 point/day, banked every minute