SPY liquidation map: questions and answers
Where are the SPY liquidation levels on Lighter?
There are no large clusters of long liquidations within 10% below the SPY price. There are no large clusters of short liquidations within 10% above the price.
How much SPY gets liquidated if the price falls or rises 5%?
If SPY falls 5% to 724.52, $20.9K of long positions get liquidated ($20.9K within 10%). If it rises 5% to 800.78, $0 of shorts get liquidated ($0 within 10%).
How accurate is this SPY liquidation map?
On Lighter the liquidation price of every position is public, so this map shows the actual liquidation levels of real positions — not an estimate from typical leverage like most liquidation heatmaps. It covers 1 positions of traders with $250K+ in positions; smaller traders are not included, so the real totals are higher. The map updates every few minutes.
What happens when the SPY price reaches a liquidation cluster?
Liquidated positions are closed with market orders that push the price further and can trigger the next cluster — a long or short squeeze. Whether it happens depends on the order book: right now the risk of a long squeeze is unknown (no order book data), of a short squeeze — unknown (no order book data).
Where are the whale stop-losses for SPY?
Whale stop and take-profit orders within 10% of the SPY price: $0 to sell and $0 to buy. Like liquidations, they fire as market orders and can speed up a move.