Liquidation Watch

Where forced exposure is clustered.

Observed liquidation-price clusters for Hyperliquid positions, with the scan age, coverage and account defensibility behind every figure.

BTC hyperliquid ETH and SOL liquidation coverage is not generated yet.
Observed 21.1% of open interest observed 300 wallets scanned · fast tier Mark $78,816
Observed forced exposure$59.2M
Wallets in band79
of 294 observed with positions
Zero free collateral94.4%
$55.9M of observed exposure
Long / short clusters17 / 18
Observed price levels

Forced exposure by price

Bar height is observed notional. Longs sit below the observed mark, shorts above it. Stronger fill means more of the cluster is held by wallets with zero free collateral.

Shorts · $80,786 · +2.5% from mark · $22.7M observed · 3 wallets · 100% zero free collateralLongs · $77,239 · -2.0% from mark · $9.7M observed · 2 wallets · 100% zero free collateralShorts · $80,392 · +2.0% from mark · $4.4M observed · 5 wallets · 100% zero free collateralLongs · $76,845 · -2.5% from mark · $3.5M observed · 1 wallets · 100% zero free collateralLongs · $76,451 · -3.0% from mark · $3.2M observed · 5 wallets · 100% zero free collateralShorts · $79,998 · +1.5% from mark · $2.7M observed · 3 wallets · 100% zero free collateralShorts · $79,210 · +0.5% from mark · $1.5M observed · 4 wallets · 40% zero free collateralShorts · $82,362 · +4.5% from mark · $1.3M observed · 3 wallets · 100% zero free collateralShorts · $79,604 · +1.0% from mark · $1.2M observed · 5 wallets · 86% zero free collateralShorts · $86,303 · +9.5% from mark · $1.1M observed · 4 wallets · 68% zero free collateralLongs · $77,633 · -1.5% from mark · $894.7K observed · 4 wallets · 100% zero free collateralShorts · $82,756 · +5.0% from mark · $823.9K observed · 3 wallets · 100% zero free collateralShorts · $83,544 · +6.0% from mark · $631.8K observed · 3 wallets · 100% zero free collateralLongs · $75,663 · -4.0% from mark · $631.2K observed · 3 wallets · 100% zero free collateralShorts · $85,909 · +9.0% from mark · $538.4K observed · 2 wallets · 0% zero free collateralLongs · $72,116 · -8.5% from mark · $535.8K observed · 1 wallets · 100% zero free collateralShorts · $83,150 · +5.5% from mark · $524.1K observed · 3 wallets · 88% zero free collateralLongs · $71,722 · -9.0% from mark · $497.9K observed · 2 wallets · 11% zero free collateralLongs · $74,087 · -6.0% from mark · $483.4K observed · 1 wallets · 100% zero free collateralLongs · $78,027 · -1.0% from mark · $425.7K observed · 1 wallets · 0% zero free collateralLongs · $73,692 · -6.5% from mark · $398.0K observed · 2 wallets · 100% zero free collateralLongs · $75,269 · -4.5% from mark · $284.9K observed · 1 wallets · 0% zero free collateralLongs · $72,510 · -8.0% from mark · $234.1K observed · 1 wallets · 100% zero free collateralShorts · $85,515 · +8.5% from mark · $179.8K observed · 2 wallets · 100% zero free collateralLongs · $78,421 · -0.5% from mark · $176.2K observed · 2 wallets · 100% zero free collateralShorts · $81,968 · +4.0% from mark · $124.1K observed · 2 wallets · 32% zero free collateralShorts · $83,939 · +6.5% from mark · $107.3K observed · 2 wallets · 100% zero free collateralShorts · $84,333 · +7.0% from mark · $106.6K observed · 1 wallets · 100% zero free collateralShorts · $81,574 · +3.5% from mark · $90.5K observed · 1 wallets · 100% zero free collateralShorts · $85,121 · +8.0% from mark · $89.4K observed · 2 wallets · 100% zero free collateralLongs · $73,298 · -7.0% from mark · $48.4K observed · 1 wallets · 100% zero free collateralShorts · $81,180 · +3.0% from mark · $40.5K observed · 1 wallets · 0% zero free collateralLongs · $71,328 · -9.5% from mark · $30.2K observed · 1 wallets · 100% zero free collateralLongs · $76,057 · -3.5% from mark · $28.7K observed · 1 wallets · 100% zero free collateralLongs · $72,904 · -7.5% from mark · $27.7K observed · 1 wallets · 0% zero free collateral mark $78,816 $71,328 $86,303
Hover, tap, or tab to a cluster for its exact observed values.
longs liquidate below markshorts liquidate above markfill = zero-free-collateral share
Ranked by observed notional, largest first

Observed clusters

Each row is one observed liquidation-price cluster: the zone is which side gets forced, the price is where that forcing triggers, and exposure is how much notional sits at that level. Wallet counts are observed totals, never identities — Genesis does not attribute clusters to specific accounts.

ZoneLiquidation priceFrom markObserved notionalWalletsDefense
Shorts $80,786 +2.5% $22.7M 3 100%
Longs $77,239 -2.0% $9.7M 2 100%
Shorts $80,392 +2.0% $4.4M 5 100%
Longs $76,845 -2.5% $3.5M 1 100%
Longs $76,451 -3.0% $3.2M 5 100%
Shorts $79,998 +1.5% $2.7M 3 100%
Shorts $79,210 +0.5% $1.5M 4 40%
Shorts $82,362 +4.5% $1.3M 3 100%
Shorts $79,604 +1.0% $1.2M 5 86%
Shorts $86,303 +9.5% $1.1M 4 68%
Longs $77,633 -1.5% $894.7K 4 100%
Shorts $82,756 +5.0% $823.9K 3 100%
Shorts $83,544 +6.0% $631.8K 3 100%
Longs $75,663 -4.0% $631.2K 3 100%
Shorts $85,909 +9.0% $538.4K 2 0%
Longs $72,116 -8.5% $535.8K 1 100%
Shorts $83,150 +5.5% $524.1K 3 88%
Longs $71,722 -9.0% $497.9K 2 11%
Longs $74,087 -6.0% $483.4K 1 100%
Longs $78,027 -1.0% $425.7K 1 0%

What this does and does not mean

every figure below is a LOWER BOUND -- forced flow from wallets outside this scan is invisible

Isobath does not claim
  • that reaching a cluster causes a further price move -- tested on Binance and it did not beat a volatility-matched control (F-0010)
  • anything about clusters we cannot see; coverage is stated above
Definitions
cannot defend pct
share of cluster notional held by wallets with ZERO free collateral. They cannot move their liquidation price without depositing from outside. Requires `withdrawable`, which is not derivable from position and margin data (F-0001).
thinly defended pct
free collateral below 5% of maintenance margin
What you can do here

Take this into a real investigation.