Open interest
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Timeframe
Lookback
Predicted funding
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Spot CVD
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Perp CVD
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Liquidations · 1h
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Price · Open interest · CVD
Up candle (hollow)
Down candle (filled)
Longs liquidated
Shorts liquidated
Zoom: Ctrl + wheel, wheel after clicking the chart, or the + and − keys. Drag: pan. Double-click: back to live. Keyboard: ← → Home End. Bands and right-hand profile: estimated liquidation map.
Market read
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How to read these indicators
σ = robust z-score (median/MAD) of the current change against every change of the same length in the loaded history, corrected for sample size; ● = |σ| ≥ 1.5, the signal threshold, reached by ≈ 13% of windows in a trendless market. Changes overlapping the current window are left out of the comparison; the current candle counts for its elapsed time.
On 1m, Binance OI history has a 5-minute step: it is interpolated between two readings.
Quality: “Derivatives-driven” or spot going the other way = fragile; falling OI = forced; spot taking part with no opposing horizon = solid. The perp/spot gap is measured on the latest synchronous closes and only compared with its history if it mean-reverts (Dickey-Fuller test). Which market “leads” at the millisecond scale cannot be measured on candles: it is not shown.
Strength is the mean |σ| of price and OI (capped at 3). It is not a probability, nor advice.
Liquidations and open interest · all exchanges
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Aggregated data: Coinalyze. The main chart, metrics and liquidation feed still come live from Binance.
Liquidation heatmap (estimated)
Longs (below price)
Shorts (above price)
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Clusters above price
Clusters below price
How this model works
Liquidations
Binance forceOrder stream. Binance broadcasts at most one liquidation per second per market: these amounts are minimums.
Funding rate history
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Feed diagnostics
connection states, messages received per stream, errors
Definitions: open interest, funding, CVD, liquidations
Open interest (OI)
Number of open Binance perpetual contracts. Price ↗ + OI ↗: new positions (leverage rising). Price ↗ + OI ↘: shorts closing. Price ↘ + OI ↘: longs being flushed out.
Funding rate
Periodic payment between longs and shorts that keeps the perp anchored to the index price. Positive: longs pay shorts. Binance’s baseline is 0.01% per 8h; above 0.05%, holding leveraged longs gets very expensive.
CVD (cumulative volume delta)
Aggressive buys minus aggressive sells, computed from the taker buy volume of Binance candles. Spot and perp are tracked separately: a perp-led rally without spot support is more fragile.
Liquidations and liquidation heatmap
Dots and feed: liquidations actually reported by Binance. Heatmap: estimated liquidation levels derived from OI increases and leverage assumptions; these are not observed orders.