The forced closing of leveraged positions when margin requirements are not met. Liquidation data shows the dollar value and direction (long vs short) of liquidated positions.
Large long liquidation cascades often mark local bottoms as forced selling is exhausted. Large short liquidations during rallies indicate short squeezes. Total liquidations volume reflects leverage in the system.
Periodic payments between long and short traders in perpetual futures contracts. Positive rates mean longs pay shorts; negative rates mean shorts pay longs. Keeps perpetual prices anchored to spot.
The total number of outstanding futures contracts across all exchanges. Represents the total amount of capital committed to Bitcoin futures positions.
The total daily trading volume of Bitcoin futures contracts across all exchanges. Measures the level of speculative activity and leveraged trading.
Cumulative Volume Delta for spot markets — the running total of the difference between taker buy and taker sell volume on exchanges.