Polygon Futures Liquidations Overview
Sharpe Terminal aggregates Polygon (MATIC) perpetual futures liquidations data from Binance, Bybit, OKX, Deribit, Hyperliquid and eight additional exchanges into a single real-time chart. Compare exchange-level breakdowns, overlay price, and switch between 1W, 1M, 3M, 1Y and 3Y historical windows. Forced liquidations of leveraged long and short positions across exchanges. Derivatives traders use this view to confirm trend strength, spot crowded positioning, and pinpoint liquidation cascades before they ripple into spot.
About Polygon Futures
Polygon's futures market spans the legacy MATIC ticker and the new POL ticker post the September 2024 migration. Aggregate OI on MATIC/POL perps typically runs $150M-$500M, down sharply from the 2021 peak near $2B. Binance, Bybit, OKX, and Bitget clear the majority of the flow. Polygon funding is structurally negative more often than peers, reflecting persistent shorting against enterprise-announcement hype cycles that historically underdelivered. Long/short ratios on POL skew long on retail (>2x) but institutional proxies like CME have no POL product. Watch for OI expansion ahead of AggLayer milestone announcements and zkEVM proof-system upgrades — these are the cleanest POL-specific catalysts. Liquidation cascades have thinned since 2023 as the coin de-rated from top-10 to mid-cap status.
What Liquidations Measures
Liquidations are forced position closes triggered when a leveraged trader's margin drops below the exchange's maintenance requirement. The exchange's liquidation engine market-closes the position, which adds one-sided buying pressure (for shorts liquidating) or selling pressure (for longs liquidating). Large liquidation clusters create cascades because one liquidation pushes price into the next liquidation level — this is the mechanism behind crypto's characteristic vertical candles and long wicks. Exchange-reported liquidation data is known to under-report true volume by 50-90% (post-FTX many exchanges throttled their liquidation feeds), so relative trend changes matter more than absolute notional.
How to Read Polygon Liquidations
Shorts liquidated (green bars above zero) signal a short squeeze in progress; longs liquidated (red bars below zero) signal capitulation. Single-exchange liquidation spikes over $100M on BTC, $50M on ETH, or $20M on mid-cap alts are statistically reliable local-reversal markers. Multi-exchange coordinated liquidation events (visible as synchronous spikes across Binance, Bybit, and OKX) are the most reliable trend-flip signals. Watch the ratio of longs-to-shorts liquidated — sustained long-side dominance during a downtrend confirms deleveraging is still underway.
MATIC Liquidations Statistics
Use this page as the live MATIC liquidations statistics view for perpetual futures. It is built for searches such as "Polygon futures liquidations", "MATIC liquidations chart", and exchange-level derivatives positioning queries.
MATIC Aggregated Liquidations Chart
The aggregated chart combines major derivatives venues into one Polygon futures view so changes in leverage, flow, basis, and liquidation pressure are easier to compare against spot price. This mirrors the winning Coinalyze and CoinGlass SERP pattern while keeping the live Sharpe terminal available on the same URL.
MATIC Liquidations Chart For Each Contract
Contract-level differences matter because Binance, Bybit, OKX, Deribit, Hyperliquid, and other venues can disagree before price moves. Use sibling futures metrics and the related coin pages below to move from one Polygon signal into the rest of the derivatives stack without starting a new search.