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Order flow

Liquidations

Liquidated long and short positions per bar, showing where forced selling or buying hit the market.

How to read it

  • Long liquidations come from falling price; short liquidations from rising price.
  • Large clusters often mark capitulation or squeeze extremes.
  • Compare with OI: liquidations with a sharp OI drop mean leverage is being flushed.

Good to know

  • Drawn in its own pane below the chart.
  • Hyperliquid does not publish liquidations, so the pane stays empty there.

Learn more in the Academy →