Aggregated Liquidations

Aggregated cross-exchange liquidation flow as a time-series — green long-liq bars above zero, red short-liq bars below. Pairs with the Liquidation Heatmap.

Aggregated Liquidations sums the forced-close flow across every tracked perpetuals venue and paints it as a time-series in a sub-pane below the chart. A long liquidation is a leveraged long position force-closed at market — a forced sell that drives price down. A short liquidation is a leveraged short force-bought back — fuel for a squeeze higher. The pane plots long-liq bars green above the zero line and short-liq bars red below, so cascade size and direction read instantly. This is the cross-exchange aggregated view — pair it with the Liquidation Heatmap (where leveraged stops sit before they fire) and Liquidations by Exchange (the per-venue split) for the full picture.

Aggregated liquidations sub-pane with green long-liq bars above zero and red short-liq bars below — Aggregated Liquidations indicator on the mrD-Indicators chart

Settings reference

Section	Setting	Default	Notes
Aggregated liquidations	Value mode	USD	Bar magnitude unit — USD notional or Qty in base coin. Same bars, just relabeled and rescaled.
	Timeframe	Auto (chart TF)	Time-bucket for each bar — Auto snaps to the chart's timeframe, or pin a fixed bucket: 1m · 5m · 15m · 30m · 1h · 4h · 12h · 1d. Coarser buckets aggregate more flow into each bar; finer buckets surface micro-cascades.
Exchanges	All exchanges (aggregated)	On	When on, every supported venue contributes to each bar. Turn off to restrict the feed to one or more specific venues.
	Binance Perp	—	Per-venue toggle. Active only when All exchanges is off.
	Bybit Perp	—	Per-venue toggle.
	Hyperliquid Perp	—	Per-venue toggle.
Series	Long liquidations	On	Show the green bars above zero — long positions getting force-closed.
	Short liquidations	On	Show the red bars below zero — short positions getting force-closed.
Signal markers	Signals on indicator pane	Off	Draw event markers (`SPK`, `CAP`, `CS`, `CE`, `IMB`, `SLN`) inside the pane at each detected event.
	Signals on main chart	Off	Mirror the same markers onto the main price chart, anchored above bar highs (short-side events) or below bar lows (long-side events).

The pane auto-scales its Y-axis to the visible window so a single mega-cascade can't squash every other bar into an invisible sliver. Bars that exceed the visible scale are clamped at the pane edge with a brighter cap on top, so you can still tell the bar was larger than the displayed range.

What it draws

Three layers, each independently toggled.

Layer	Looks like	What it tells you
Bars (always on)	Green block above zero (long liq) or red block below zero (short liq) on every bucket where flow landed.	The raw cascade map — size, side, and clustering at a glance.
Pane signal markers	Coloured dot + 2–3 letter tag printed at the bar peak inside the sub-pane.	Tags the bar as a notable event — spike, capitulation, cascade start, cascade exhaustion, directional imbalance, silent zone.
Main-chart signal overlay	Same tag + dot, anchored just above the candle high (short-side event) or below the candle low (long-side event) on the price chart.	Brings the cascade context onto the candles where you place orders, so you don't have to glance down at the sub-pane.

The pane header prints two live readouts — a green dot with the long-liq value and a red dot with the short-liq value. With nothing hovered they show Σ (the visible-window totals). Hover a candle and both flip to that single bar's long / short numbers, so you can size up a single event without eyeballing the bar height.

Signal tags

Tag	Event	What it means
`SPK`	Spike	Sudden burst of forced flow on an otherwise quiet tape — often a stop-run sweep.
`CAP`	Capitulation	Max-pain bar at the tail of a cascade — one side has been emptied out.
`CS`	Cascade Start	A cascade just ignited — expect more bars on the same side before the move resolves.
`CE`	Cascade Exhaustion	The cascade is burning out — the next swing high / low that holds without re-firing is the tradable read.
`IMB`	Imbalance	One side is doing all the work while the other side stays quiet — trend continuation cue.
`SLN`	Silent Zone	Unusually quiet stretch despite price movement — the leverage flush isn't here.

How to read it

Single tall green bar — large long flush. Aggressive forced sells just hit; price often overshoots into the flush and then bounces sharply as the supply tap shuts off. Look for a reversal candle before fading.
Single tall red bar — short squeeze in progress. Forced buys are paying any price; the rally has real fuel until the bar count thins out.
Cluster of green over many buckets — slow grinding sell-off. No quick bounce; controlled liquidation looks like a steady drip, often paired with falling open interest on the Open Interest indicator.
Alternating green / red within minutes — both sides getting hurt; expect chop until one side capitulates. Stay flat or trade smaller until the imbalance picks a direction.
CS at the front of a string of bars — flow just ignited. Don't fade the first push; the cascade tends to continue before it resolves.
CE after a long run — the cascade is exhausting. The trade is usually the second swing low / high that holds without firing a new CS.
IMB while Funding is loaded the wrong way — strong continuation read; the dominant side is paying carry to stay in and the weaker side keeps getting forced out.

Common pitfalls

Comparing bar size in absolute USD across symbols — a $5M long flush is enormous on a mid-cap and routine on BTC. Compare a bar to its own recent bars on the same symbol, never to your benchmark from another asset.
Trading every cascade tag as a reversal — CS is the start of a cascade, not a bounce signal. Wait for CE plus a price-action confirmation (a swing that holds without re-firing) before fading.
Switching to a single venue and forgetting it — once All exchanges is off you're reading one venue's flow. Bars will look smaller and absences will look louder than they are. Flip All exchanges back on for the macro read before calling a cascade "over".
Reading the header Σ value as a market-wide pulse — it's the visible-window total, not a rolling 24h figure. Pan or zoom and the number changes because the window changed, not because the market did.
Pinning a trade to a still-forming bar — the rightmost bar updates live as new prints land. Wait for the bucket to close before reading it as a finished event, especially on the finer 1m / 5m timeframes.
Confusing this view with the heatmap — Aggregated Liquidations shows when stops actually fired. The Liquidation Heatmap shows where stops are sitting before they fire. They answer different questions; use them together.

What's next

Liquidation Heatmap — where leveraged stops cluster before they get hit.
Liquidations by Exchange — venue split for the same forced-close flow.
Open Interest — confirms whether a flush is genuine deleveraging or just position rotation between venues.
Funding — the cost-of-leverage read; pairs naturally with a fired cascade on the same side.