Model estimate vs visible orders

Liquidation heatmap vs liquidity heatmap

These heatmaps can look similar, but they represent different data and must not be interpreted as interchangeable.

What each map actually measures

Question	Liquidation heatmap	Liquidity heatmap
Underlying data	Public OI, price, funding context and explicit model assumptions	Currently visible bid and ask orders
Observed or modeled?	Modeled future exposure	Observed order-book snapshot
Main use	Locate possible forced-deleveraging concentration	Inspect current depth, walls and potential price impact
Main failure mode	Unknown entries, leverage, margin mode and maintenance tiers	Orders can be cancelled, moved or spoofed before execution
Does brightness predict price?	No	No

Practical reading sequence

Start with price structure. Use the liquidation map to inspect modeled exposure above and below price. If you also inspect visible liquidity on an exchange, treat it as separate context and confirm with executed trades; a resting order is not an execution.

Open the TradingHub resources

Estimated liquidation map

BTC, ETH and SOL modeled liquidation concentration.

Modeled data

Data methodology

Sources, normalization, freshness and model limitations.

Transparency

Important: TradingHub provides informational tools and scenario estimates, not financial advice. Verify fees, margin rules, availability and current terms with the relevant venue before acting.