Question 1

What Are Liquidations?

Accepted Answer

When a trader's margin balance falls below the maintenance margin requirement, the exchange force-closes (liquidates) their position. Large liquidation events often trigger price cascades: - **Long liquidation** → Forced selling → Price drops further → More long liquidations - **Short liquidation** → Forced buying → Price rises further → More short liquidations

Question 2

Data Source

Accepted Answer

The screener receives liquidation data via real-time WebSocket streams: - **Binance Futures** — all USDT perpetual contracts - **Bybit Linear** — all linear perpetual contracts Events are batched every 5 seconds. Only liquidations worth **$1,000+ USD** are displayed (smaller ones are filtered out).

Question 3

Feed Columns

Accepted Answer

Each liquidation event shows: | Field | Description | |-------|-------------| | **Time** | When the liquidation occurred | | **Exchange** | Binance or Bybit | | **Symbol** | Trading pair (e.g., BTCUSDT) | | **Side** | Long or Short (which was liquidated) | | **Price** | Liquidation price | | **Value (USD)** | Notional USD value of the liquidation |

Question 4

24-Hour Statistics

Accepted Answer

The stats panel shows aggregate data: | Metric | Description | |--------|-------------| | **Total Events** | Number of liquidations in 24h | | **Total Volume** | USD value of all liquidations | | **Long Volume** | Value of long liquidations | | **Short Volume** | Value of short liquidations | | **Long %** | Percentage from long liquidations | | **Short %** | Percentage from short liquidations | | **Top Symbol** | Most liquidated trading pair | | **Top Exchange** | Exchange with highest liquidati

Question 5

Filtering

Accepted Answer

| Filter | Options | |--------|---------| | **Exchange** | Binance, Bybit, or all | | **Symbol** | Search by pair name | | **Side** | Long, Short, or both | | **Min Value** | Minimum USD value (filter out small liquidations) | | **Limit** | 1–100 events per page (default: 50) |

Question 6

Setting Up REKT Alerts

Accepted Answer

Receive Telegram notifications for large liquidation events.

Question 7

Alert Set Parameters

Accepted Answer

| Parameter | Range | Default | |-----------|-------|---------| | **Name** | 1–100 characters | — | | **Exchanges** | Any combination or "all" | All | | **Min Value** | ≥ $10,000 | $100,000 | | **Side** | Both / Long / Short | Both | | **Symbols** | Specific pairs to monitor | All | | **Daily limit** | 1–50 alerts/day | 10 | > **Tip:** Set min value to $500K+ to only catch whale liquidations that truly move the market.

Question 8

Cascading Liquidations

Accepted Answer

When you see multiple large liquidations in the same direction within minutes, it indicates a cascade — each liquidation pushes price further, triggering the next.

Question 9

Long/Short Ratio

Accepted Answer

- **70%+ Longs liquidated** → Market flushing leveraged bulls, potential bottom - **70%+ Shorts liquidated** → Market squeezing bears, potential top - **50/50 split** → Balanced deleveraging, no clear direction

Question 10

Volume Spikes

Accepted Answer

Sudden spikes in total liquidation volume (10× average) often mark capitulation events — significant turning points.

Question 11

FAQ

Accepted Answer

**Q: Why do I see a delay in liquidation events?** A: Events are batched every 5 seconds for efficiency. Maximum delay is ~5 seconds from the actual liquidation. **Q: Are all exchanges covered?** A: Currently Binance and Bybit. These two exchanges represent the majority of crypto futures volume. **Q: Can I use liquidation data in backtests?** A: Yes — for scalping mode instruments, liquidation data is available as indicators (LiqLong, LiqShort, LiqTotal, LiqVolPct, LiqRatio).

Question 12