A heatmap is usually an estimate#
Public liquidation maps commonly infer zones from price, leverage assumptions and available derivatives data. A bright area is not necessarily a visible resting order or a complete record of positions.
Venue and contract coverage matters#
Perpetuals, dated futures, collateral rules and maintenance margins differ. A map that covers one set of venues can disagree with another without either representing the whole market.
Leverage can create feedback, not certainty#
Fast price moves can trigger liquidations and further volatility, while participants can reduce, add or hedge exposure. Estimated clusters do not require price to visit a zone.
Key principles#
Model assumptions
Check whether the map explains leverage, margin and aggregation assumptions.
Timestamp and coverage
Old snapshots and partial venue coverage can become misleading during fast markets.
No target levels
MarketPulse does not convert liquidation zones into entries, exits, targets or leverage suggestions.