$2.2K of leveraged AERO positions were liquidated on Hyperliquid over the latest complete day — 14 liquidation events, 0% of everything liquidated that day. Most of it was longs being force-closed, which points to a move down catching leveraged positions on the wrong side. Every number here comes from on-chain settled fills — not an estimate reconstructed from exchange order books.
AERO liquidations — the last 30 days
Over the last 30 days, $584.3K in AERO positions was liquidated on Hyperliquid across 18 days with liquidations — about $32.5K per day. The heaviest day was 2026-08-19, with $263.1K force-closed — roughly 8× a typical day. The latest complete day came in below that average.
Longs absorbed 66% of the 30-day damage: most AERO liquidations came on moves down.
All markets side by side live on the liquidations hub; for contrast, see BTC liquidations.
Which markets got hit
Top markets by liquidated notional on the latest complete day.
| Market | Total | Longs | Shorts | Split | Events |
|---|---|---|---|---|---|
| BTC | $58.1M | $50.3M | $7.8M | 7,832 | |
| ETH | $24.3M | $24.2M | $112.2K | 2,791 | |
| XRP | $7.1M | $6.4M | $701.8K | 2,509 | |
| SOL | $5.0M | $4.9M | $57.1K | 1,567 | |
| ZEC | $4.4M | $4.2M | $203.1K | 601 | |
| HYPE | $2.9M | $2.9M | $1 | 1,149 | |
| CRCL | $1.7M | $1.7M | — | 355 | |
| HOOD | $1.5M | $1.5M | — | 234 | |
| KORU | $991.5K | $991.3K | $215 | 121 | |
| SPCX | $884.0K | $884.0K | — | 291 | |
| MINIMAX | $694.1K | $694.1K | — | 409 | |
| WLD | $517.0K | $517.0K | — | 415 | |
| UNI | $490.8K | $489.1K | $1.7K | 332 | |
| COIN | $476.0K | $476.0K | — | 116 | |
| BNB | $401.8K | $401.8K | — | 97 | |
| CL | $382.3K | — | $382.3K | 144 | |
| ANSEM | $373.4K | $372.3K | $1.2K | 504 | |
| ADA | $358.7K | $358.2K | $548 | 222 | |
| CRV | $356.3K | $356.3K | — | 338 | |
| JUP | $332.3K | $332.3K | — | 286 |
What the whales are holding
Open positions above $100k notional, by wallet — not an exchange aggregate. Every row can be opened and checked.
174 wallets hold 941 positions over $100k: $515.1M long against $1.63B short. Whales lean short — 76% of the notional is on the sell side.
| Market | Long | Short | % | Whales |
|---|---|---|---|---|
| ETH | $39.0M | $399.9M | 40 | |
| BTC | $90.8M | $292.8M | 47 | |
| HYPE | $88.6M | $108.4M | 41 | |
| SOL | $7.3M | $103.4M | 22 | |
| XYZ100 | $25.6M | $73.3M | 17 | |
| GOLD | $10.2M | $82.1M | 17 | |
| ZEC | $24.3M | $32.9M | 30 | |
| SP500 | $49.0M | $4.2M | 15 |
Last 30 days
Daily liquidated notional, longs and shorts stacked.
Key facts
- $2.2K of AERO liquidated on Hyperliquid on 2026-09-15 (UTC day).
- 14 liquidation events hit 7 wallets.
- Longs $2.2K vs shorts $0 — longs took the larger share.
- Most-liquidated market: BTC at $58.1M.
- 30-day peak: $263.1K on 2026-08-19.
- Source: Hyperliquid on-chain settled fills, aggregated daily by Compass.
How to read the liquidation heatmap
The map at the top plots price and time against liquidation density. Each horizontal band marks a price level where leveraged positions would be force-closed; the brighter the band, the more notional is at risk there. Bands persist until price trades through them — a band that ends against a candle means those positions were flushed.
Clusters act like magnets. A dense band above or below the current price is forced buying or selling waiting to happen: when price reaches it, liquidations execute at market and push price further in the same direction. The right-hand profile sums this up — how much would be liquidated on a move up (shorts) or down (longs) from the current price.
The threshold slider clips the colour scale at a percentile: at 0.85 everything above the 85th percentile of density burns at full brightness, which makes the big clusters stand out. Candles and the daily totals below the map are settled on-chain data; the heat bands are currently a model estimate built from price and volume at typical leverage tiers (100×, 50×, 25×, 10×, 5×) — the same approach other heatmaps use. Unlike them, Hyperliquid settles everything on-chain, so the next step here is replacing the estimate with actual liquidation prices of real wallets.
How to read the daily numbers
A liquidation happens when a leveraged position can no longer cover its margin and the exchange closes it at market. The number above is the notional value of positions force-closed in the last complete day — not trader losses, which are smaller and depend on entry price.
Longs and shorts tell opposite stories. Longs get liquidated when price falls; shorts when it rises. A day dominated by short liquidations usually means a sharp rally caught bearish positioning offside — and the forced buying pushes price further up, which is why these events cluster.
Why Hyperliquid numbers differ from centralised exchanges. On a CEX, liquidation data is whatever the venue chooses to publish, and most heatmaps you find elsewhere are estimates reconstructed from order books. Hyperliquid settles every fill on-chain, so these totals are counted from settled trades rather than modelled. The trade-off: this covers Hyperliquid only, not the whole market.
New to perpetuals? Start with what Hyperliquid is and how on-chain perps work.
Looking for who is trading these moves? See the Hyperliquid leaderboard for the traders behind the volume, or markets for per-coin activity.
FAQ
How much was liquidated on Hyperliquid in the last 24 hours?
$2.2K of AERO liquidated on Hyperliquid on 2026-09-15 (UTC day). 14 liquidation events hit 7 wallets.
What is a liquidation heatmap?
A chart that overlays price with the levels where leveraged positions get force-closed. Bright bands are clusters of liquidation liquidity: price is often drawn toward them, because crossing a cluster triggers forced market orders that fuel the move. Traders use the map to spot likely squeeze targets and stop-hunt zones before they happen.
Is the heatmap real data or an estimate?
The candles and every daily total on this page are settled on-chain fills. The heat bands are currently an estimate modelled from price and volume at typical leverage tiers — the same method used elsewhere. Because Hyperliquid settles on-chain, we are replacing that model with the actual liquidation prices of real tracked wallets, which no order-book estimate can provide.
What does it mean when shorts are liquidated?
Short positions are force-closed when price rises against them. Closing a short means buying back, so a wave of short liquidations adds buying pressure and can accelerate a rally — a short squeeze. The reverse is true for longs.
Is this real data or an estimate?
Real. Every Hyperliquid trade settles on-chain, so these totals come from settled fills flagged as liquidations. Most liquidation heatmaps published elsewhere are estimates modelled from centralised-exchange order books.
Does this cover the whole crypto market?
No — Hyperliquid only. Cross-exchange totals published elsewhere include Binance, Bybit and others, so they are much larger. The advantage here is that the underlying data is verifiable rather than self-reported.
How often is it updated?
The aggregate is rebuilt daily from the on-chain fill stream. The page shows the latest complete day; the timestamp under the headline says exactly which.
Can I use these numbers in an article?
Yes. Please cite Compass and link to this page — the ready-made citation line is in the Key facts block above.