Liquidations
Dash
Forced liquidations by exchange over the selected window, long and short sides separated.
Why it matters
It maps where leverage is actually breaking — which venue's books are being flushed, and in which direction.
How it is built
Liquidated USD per exchange per window from live derivatives data; the range selector is the card's frame.
What to watch
Cascades start on one book and spread: a single venue dominating liquidations is the fault line. Aggregate numbers hide exactly this.