What A Liquidation Looks Like In The Flow
A liquidation is a forced market order: when leverage can no longer hold, the position is closed into the book. At scale that prints exactly the footprint VYX scores — an aggressive sweep tearing through several price levels (buyRun/sellRun), a CVD spike as the forced flow executes, and a candle body that runs then often snaps back once the cascade exhausts. The Cascade Radar board marks it the moment it prints: a market lights when its biggest same-side burst ranks in its own top 3% of the last 200 bars — green when shorts are being forced out, red when longs are flushed.
Open Interest: The Cleanest Liquidation Proxy
Hyperliquid exposes no public market-wide liquidation feed — only per-user data on-chain. So rather than guess at a liquidation number, VYX reads the effect: open-interest change. A fast OI drop into a sharp price move is positions being force-closed; the same move on rising OI is fresh, willing positioning. Watch oiDeltaPct alongside the sweep and CVD and you get the honest read a static "liquidation heatmap" can't give you — live, and across the whole venue.
Why The Footprint Beats A Liquidation Map
A liquidation heatmap is an estimate of where leverage sits — it suggests where stops might be, not what is happening. VYX reads the cascade itself, as it prints, so you are watching the event rather than a guess about it. The forced sweep, the CVD spike, and the open-interest flush are the ground truth.
FAQ
Does VYX show a Hyperliquid liquidation heatmap?
Not a heatmap of estimated liquidation levels — Hyperliquid has no public market-wide liquidation feed. VYX shows the live footprint instead: the forced sweeps, CVD spikes, and open-interest flush a liquidation cascade leaves, ranked across 300+ markets as it happens.
How do I spot a liquidation cascade in VYX?
Look for a burst of same-side trades far above the market’s own normal, with a matching CVD spike and open interest dropping as it prints. That combination — forced flow plus positions closing — is the cascade signature. The Cascade Radar board lights a market the moment its burst ranks in its own top 3% of the last 200 bars, and its strip shows open interest across crypto over the last hour.
Why use open interest instead of a liquidation number?
Because the liquidation number is not public on Hyperliquid, and open-interest change is the cleanest available proxy: a sharp OI drop into a move is positions being force-closed. It is an honest, live read rather than an estimate.