$329.0K of leveraged ARM positions were liquidated on Hyperliquid over the latest complete day — 146 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.
ARM liquidations — the last 30 days
Over the last 30 days, $1.0M in ARM positions was liquidated on Hyperliquid across 16 days with liquidations — about $64.2K per day. The heaviest day was 2026-10-08, with $368.7K force-closed — roughly 6× a typical day. The latest complete day landed above that average.
Longs absorbed 84% of the 30-day damage: most ARM liquidations came on moves down.
All markets side by side live on the liquidations hub; for contrast, see SOXL liquidations.
Which markets got hit
Top markets by liquidated notional on the latest complete day.
| Market | Total | Longs | Shorts | Split | Events |
|---|---|---|---|---|---|
| BTC | $13.5M | $12.1M | $1.3M | 2,183 | |
| LITE | $7.8M | $7.8M | — | 415 | |
| ETH | $6.7M | $6.7M | — | 1,005 | |
| SOXL | $6.0M | $6.0M | $26.1K | 721 | |
| SKHX | $4.2M | $4.2M | — | 1,186 | |
| SILVER | $3.9M | $3.9M | — | 911 | |
| NBIS | $3.2M | $3.2M | $210 | 696 | |
| RKLB | $3.1M | $3.1M | — | 612 | |
| CBRS | $2.7M | $2.7M | $31 | 449 | |
| ZEC | $2.4M | $2.0M | $398.8K | 986 | |
| SP500 | $2.3M | $2.3M | $234 | 328 | |
| NEAR | $1.9M | $1.9M | $290 | 1,000 | |
| SMSN | $1.8M | $1.8M | — | 791 | |
| GOLD | $1.7M | $1.7M | — | 329 | |
| MU | $1.5M | $1.5M | — | 542 | |
| CRCL | $1.4M | $1.4M | — | 499 | |
| PUMP | $1.4M | $1.4M | $35 | 691 | |
| ORCL | $1.2M | $1.2M | — | 211 | |
| ENA | $1.1M | $1.1M | $1.2K | 450 | |
| SOL | $1.0M | $1.0M | — | 515 |
What the whales are holding
Open positions above $100k notional, by wallet — not an exchange aggregate. Every row can be opened and checked.
296 wallets hold 1,363 positions over $100k: $902.8M long against $2.92B short. Whales lean short — 76% of the notional is on the sell side.
| Market | Long | Short | % | Whales |
|---|---|---|---|---|
| ETH | $188.4M | $697.9M | 85 | |
| BTC | $165.2M | $625.9M | 85 | |
| HYPE | $128.2M | $196.5M | 74 | |
| ZEC | $25.8M | $182.6M | 43 | |
| SOL | $31.6M | $152.9M | 39 | |
| GOLD | $7.5M | $123.8M | 21 | |
| SILVER | $7.1M | $107.4M | 17 | |
| SKHX | $28.6M | $75.9M | 27 |
Last 30 days
Daily liquidated notional, longs and shorts stacked.
Key facts
- $329.0K of ARM liquidated on Hyperliquid on 2026-10-14 (UTC day).
- 146 liquidation events hit 17 wallets.
- Longs $329.0K vs shorts $0 — longs took the larger share.
- Most-liquidated market: BTC at $13.5M.
- 30-day peak: $368.7K on 2026-10-08.
- 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?
$329.0K of ARM liquidated on Hyperliquid on 2026-10-14 (UTC day). 146 liquidation events hit 17 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.