Bitcoin liquidations happen when leveraged positions on derivative exchanges such as Binance, Bybit, OKX and Hyperliquid are forcibly closed because margin drops below maintenance level. Each liquidation triggers a market order that can push BTC price further in the same direction, potentially cascading into more liquidations.
TapeSurf streams BTC liquidation events from every derivatives exchange it covers, in real time via WebSocket. You can watch long vs short liquidation flow, identify when a cascade is building, and compare 1h, 4h and 24h liquidation totals by exchange, all on one page without switching between platforms.