Liquidation Radar: Where Forced Liquidations Cluster
When a leveraged position moves against a trader far enough, the exchange force-closes it - a liquidation. These aren't voluntary trades; they execute automatically at a set price regardless of the trader's wishes, and large clusters of liquidations tend to be genuinely price-moving events, not just a symptom of one.
A liquidation cluster is a price level where a large amount of leveraged exposure sits close together - if the market prints there, all of those positions get forced out roughly at once, which itself often accelerates the move as forced buying (from short liquidations) or forced selling (from long liquidations) hits the order book. This is why a nearby cluster can act like a magnet - the market gravitates toward, and often overshoots, the level with the most leveraged exposure to flush.
BTCWEAPON.COM identifies the actual 24H liquidation magnet from real executed liquidation fills (not a theoretical estimate), showing the price level, which side is exposed, and the total USD value and fill count at that level.