$28.2K of leveraged SNDK (io) positions were liquidated on Hyperliquid over the latest complete day — 28 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.
SNDK (io) liquidations — the last 30 days
Over the last 30 days, $1.9M in SNDK (io) positions was liquidated on Hyperliquid across 14 days with liquidations — about $138.3K per day. The heaviest day was 2026-08-24, with $653.2K force-closed — roughly 5× a typical day. The latest complete day came in below that average.
The 30-day split is close to even — 59% longs to 41% shorts — with neither side dominating SNDK (io) liquidations.
All markets side by side live on the liquidations hub; for contrast, see CL liquidations.
Which markets got hit
Top markets by liquidated notional on the latest complete day.
| Market | Total | Longs | Shorts | Split | Events |
|---|---|---|---|---|---|
| BTC | $121.8M | $101.1M | $20.7M | 7,056 | |
| ETH | $45.5M | $6.5M | $39.0M | 2,627 | |
| SOL | $4.1M | $2.5M | $1.7M | 735 | |
| GOOGL | $1.9M | — | $1.9M | 119 | |
| COIN | $1.5M | — | $1.5M | 133 | |
| HYPE | $1.4M | $1.3M | $179.1K | 532 | |
| ZEC | $1.3M | $806.8K | $524.4K | 428 | |
| ORCL | $1.2M | $1.2M | — | 298 | |
| XRP | $743.6K | $629.8K | $113.8K | 470 | |
| ENA | $729.2K | $693.2K | $35.9K | 377 | |
| BRENTOIL | $654.1K | $654.1K | — | 225 | |
| CL | $614.3K | $614.3K | — | 218 | |
| ADA | $578.5K | $578.3K | $132 | 177 | |
| AAPL | $572.8K | — | $572.8K | 120 | |
| PUMP | $526.7K | $445.0K | $81.7K | 488 | |
| NEAR | $507.8K | $422.2K | $85.7K | 497 | |
| MINIMAX | $482.8K | $482.8K | — | 366 | |
| UNITREE (xyz) | $357.4K | $357.4K | — | 157 | |
| GOLD | $329.2K | $328.6K | $576 | 40 | |
| SOXL | $293.9K | $58.3K | $235.6K | 96 |
What the whales are holding
Open positions above $100k notional, by wallet — not an exchange aggregate. Every row can be opened and checked.
120 wallets hold 566 positions over $100k: $520.9M long against $1.19B short. Whales lean short — 70% of the notional is on the sell side.
| Market | Long | Short | % | Whales |
|---|---|---|---|---|
| ETH | $127.7M | $342.3M | 21 | |
| BTC | $126.8M | $194.5M | 36 | |
| HYPE | $96.1M | $95.5M | 24 | |
| SOL | $7.2M | $98.0M | 14 | |
| GOLD | $14.7M | $54.1M | 5 | |
| CL | $9.3M | $45.5M | 10 | |
| BRENTOIL | $21.9M | $29.4M | 8 | |
| XRP | $2.1M | $34.5M | 7 |
Last 30 days
Daily liquidated notional, longs and shorts stacked.
Key facts
- $28.2K of SNDK (io) liquidated on Hyperliquid on 2026-09-11 (UTC day).
- 28 liquidation events hit 15 wallets.
- Longs $28.2K vs shorts $0 — longs took the larger share.
- Most-liquidated market: BTC at $121.8M.
- 30-day peak: $653.2K on 2026-08-24.
- 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?
$28.2K of SNDK (io) liquidated on Hyperliquid on 2026-09-11 (UTC day). 28 liquidation events hit 15 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.