The liquidation heatmap
How the Ember-colored liquidation map estimates resting liquidation liquidity, why bands brighten, and what it means when they go black.
The liquidation heatmap paints an estimate of where leveraged positions get liquidated directly on the chart, as horizontal bands.
Where the estimates come from
When positions build at a price, their liquidation levels sit at roughly fixed distances implied by leverage. The map models the common tiers — 25×, 50×, 75×, 100× — and accumulates estimated liquidation liquidity at each level as open interest builds. You can toggle tiers on and off; higher tiers sit closer to price.
Reading the colors
Bands use the Ember colormap: near-black → violet → magenta → ember orange → pale gold, from low to high estimated liquidity. The legend in the chart’s top-right shows the ramp. A pale-gold band is a dense cluster — a pocket of forced orders waiting to happen.
Consumed means black
When price trades through a band, those positions are gone — liquidated or closed — so the band extinguishes to black from that moment forward. What’s left above and below price is the map that matters: unburned fuel.
The liq profile
The Liq Profile layer aggregates the same estimates onto the price axis, so you can see at a glance which side of the book carries more liquidation weight.
In replay, bands ignite and burn out exactly as they did live — the map is part of the recorded state.