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Surveillance · Hyperliquid · data snapshot 2026-07-16 12:46 UTC · auto-refresh every ~2 h · whale snapshots — every 30 min

Crypto liquidation heatmap: BTC & ETH whales, measured — not guessed

BTC 63,958 · funding +0.0056% · basis +22 · DVOL 36 (below 11% of the year) · fear premium -0.5
ETH 1,872 · funding +0.0031% · basis +1 · DVOL 49 (below 2% of the year) · fear premium -0.5
full volatility state →
🎯 On today’s map: BTC: the largest fuel pocket — $45.3M of shorts at 77,000 (+21% from spot). ETH: the largest fuel pocket — $93.6M of shorts at 2,180 (+17% from spot). Over the last 24h whales added $32.0M of BTC fuel. ⚡ set a whale watch

This is a crypto liquidation heatmap measured from real whale positions — not modeled from assumptions. We track 232 of the largest whale wallets on Hyperliquid — including known institutional players — and snapshot their positions every 30 minutes. The crypto liquidation map below shows how much whale capital will be force-closed at each distance from the current price. That is cascade fuel: when price reaches a cluster, liquidations push it further.

Our partner Hyperliquid is the largest decentralized (on-chain) perpetual futures exchange — which is exactly why whale positions there can be read straight from the blockchain instead of being modeled. Our link gets you −4% on fees and earns us a small commission; it does not affect the analysis.

📏 Measured, not guessed. This is not an estimated heatmap of the kind aggregators (Coinglass-style) build by inferring liquidation levels from aggregate open interest and leverage assumptions. Here every price is the actual liquidation price of a specific wallet, read from the chain. Aggregators model a guess — we read a fact. The term, explained — in the glossary →
How to read it: each row of the map is a specific price at which the exchange will force-close whale positions, and the amount of capital sitting there. 🔺 Above spot — short liquidations: once price gets there, their forced buy-back feeds the rally. 🔻 Below spot — longs: flushing them accelerates the drop. Clusters close to spot — real fuel for the next move; far-away levels — deeply protected positions (often market makers). Hover over a row for details.
232
whales tracked
121
with open positions
184
whale events in 24 h

BTC

spot 63,883 · above price (shorts) $132.1M · below price (longs) $47.7M · level step 1,000
▲ above spot — whale shorts: price gets there → they are force-closed → fuel for the rally ▼ below spot — longs: fuel for the drop
···
79,000
$6.0M · 1
78,000
$8.6M · 1
77,000
$45.3M · 2 ⚡ largest cluster
75,000
$4.8M · 2
74,000
$19.2M · 1
73,000
$10.1M · 1
70,000
$3.2M · 1
69,000
$1.8M · 1
67,000
$19.8M · 2
66,000
$8.1M · 2
65,000
$5.2M · 3
— SPOT 63,883 —
63,000
$7.0M · 1
62,000
$4.0M · 1
61,000
$1.0M · 1
60,000
$6.9M · 1
59,000
$20.6M · 2
57,000
$0.3M · 1
56,000
$7.0M · 1
···
52,000
$0.8M · 2

ETH

spot 1,871 · above price (shorts) $118.1M · below price (longs) $174.6M · level step 20
▲ above spot — whale shorts: price gets there → they are force-closed → fuel for the rally ▼ below spot — longs: fuel for the drop
···
2,360
$24.6M · 1
···
2,180
$93.6M · 1 ⚡ largest cluster
— SPOT 1,871 —
1,860
$28.4M · 1
···
1,780
$1.9M · 1
···
1,680
$13.1M · 1
···
1,600
$47.0M · 1
1,580
$65.5M · 1
···
1,440
$18.7M · 1

Whale action feed

latest BTC & ETH events · positions from $1M · 🏛 institutional class · 🐋 top 30 by volume · click a codename — that whale’s actions · +61 events on other markets

Showing the actions of whale over the last 2 days. Full history and current positions — 💠 whale dossier ✕ show all
timeeventmarketposition sizefragilitycodename · wallet
Jul 16 12:16 UTCfully exitedBTC$2.2Mleverage ×1DARK SEXTANT 🏛 0xf5d8…ad53
Jul 16 11:46 UTCtrimmedBTC$3.0Mleverage ×9POLAR BEARING 🐋 0x7c93…c8fd
Jul 16 11:46 UTCadding +25%ETH$11.2Mleverage ×7QUIET HARPOON 🏛 0x5b5d…c060
Jul 16 11:46 UTCadding +26%BTC$9.7Mleverage ×7QUIET HARPOON 🏛 0x5b5d…c060
Jul 16 11:16 UTCadding +67%BTC$5.0Mleverage ×10POLAR BEARING 🐋 0x7c93…c8fd
Jul 16 11:16 UTCadding +72%ETH$9.0Mleverage ×7QUIET HARPOON 🏛 0x5b5d…c060
Jul 16 11:16 UTCopened a positionBTC$10.0Mleverage ×12STEEL BUOY 0x3200…c407
Jul 16 11:16 UTCadding +140%BTC$7.7Mleverage ×7QUIET HARPOON 🏛 0x5b5d…c060
Jul 16 11:16 UTCopened a positionBTC$2.3Mleverage ×1DARK SEXTANT 🏛 0xf5d8…ad53
Jul 16 10:46 UTCopened a positionETH$5.2Mleverage ×6QUIET HARPOON 🏛 0x5b5d…c060
Jul 16 10:46 UTCopened a positionBTC$3.2Mleverage ×6QUIET HARPOON 🏛 0x5b5d…c060
Jul 16 10:16 UTCfully exitedETH$2.5Mleverage ×5COLD REEF 🐋 0xec4a…cf62
Jul 16 09:46 UTCtrimmedETH$2.5Mleverage ×5COLD REEF 🐋 0xec4a…cf62
Jul 16 09:46 UTCadding +23%BTC$10.6Mleverage ×17NORTHERN FAIRWAY 0x9311…e7a3
Jul 16 09:46 UTCfully exitedBTC$2.0Mleverage ×1DARK SEXTANT 🏛 0xf5d8…ad53
Jul 16 09:16 UTCadding +571%ETH$14.3Mleverage ×18DARK MERIDIAN 0xab47…c133
Jul 16 09:16 UTCfully exitedBTC$3.2Mleverage ×8DARK MERIDIAN 0xab47…c133
Jul 16 09:16 UTCfully exitedETH$2.1Mleverage ×10DARK TRAWL 🐋 0x3bca…66f3
Jul 16 08:46 UTCopened a positionBTC$2.0Mleverage ×1DARK SEXTANT 🏛 0xf5d8…ad53
Jul 16 08:46 UTCfully exitedBTC$4.8Mleverage ×7STRAIGHT BEARING 0xb1ec…e86a
Jul 16 08:46 UTCadding +86%ETH$7.0Mleverage ×8COLD REEF 🐋 0xec4a…cf62
Jul 16 08:46 UTCopened a positionBTC$3.2Mleverage ×8DARK MERIDIAN 0xab47…c133

The feed shows the last 2 days. Any whale’s full history since tracking began, its current positions and an unrestricted feed — 💠 with a subscription.

History: whales and cascades

these charts thicken on their own — the collectors write around the clock · impossible to reconstruct after the fact

WHALE FUEL OVER TIME · Σ notional with a liquidation price · snapshots every 30 minupdated 16.07 13:02 UTC
drag to zoom · double-click to reset

How to read: the cyan line is capital in shorts (liquidated when price moves UP — it feeds rallies), the red one is longs (flushed by a drop). A rising line → cascade fuel is building up on that side. Hover for exact totals at any moment; the buttons add ETH and overlay the asset price, so you can see how whales reacted to the move.

DAILY LIQUIDATIONS · WHOLE MARKET · shorts up / longs downupdated 16.07 13:02 UTC
drag to zoom · double-click to reset

How to read: these are forced closures across the WHOLE market (source: OKX — a synchronous mirror of the cascades; Deribit does not publish such data), not just the 230 whales we track — their personal liquidations show up in the feed below as “liquidated”. Columns pointing up — shorts got squeezed out; down — longs got flushed. Hover for exact per-asset totals for each day.

📡 Whale watch — a private alert the moment your chosen codename moves. Included as a launch promo: 1 whale with the 💠 AGENT plan · 2 whales with 🔬 ANALYST · extras — $50/mo. Set it up via the bot →

Position direction (long/short) and the link to Deribit option trails (“two instruments”) — in the daily briefing. All access levels — on the Access page.

📊 Data — from Deribit (options) and Hyperliquid (futures). Signing up through our links gets you −10% / −4% off fees and earns us a small commission; it does not affect the analysis.

Addresses are public blockchain data, without personal labels. The system’s surveillance journal, not investment advice. Liquidation levels shift with wallet margin. © 2026 INDICIA DESK.

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