A visualization mapping the concentration of leveraged positions at risk of forced liquidation across time and price. Brighter zones highlight clusters of liquidation thresholds, marking structural pressure points in the market. As price approaches these areas, the likelihood of cascade events and elevated volatility increases.

This is the Point-in-Time (PiT) variant of Liquidation Heatmap. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.