Futures Pro ยท Lesson 3
Open interest and liquidation maps
Where forced selling and buying hide
Professional - Gold & Platinum

In this lesson
Use open interest, funding and estimated liquidation levels to spot crowded positioning and potential cascades.
Key takeaways
- Leverage creates clusters of liquidation prices; maps estimate where they sit.
- Reaching a cluster can trigger cascades of forced orders.
- A sharp fall in open interest during a move shows leverage being flushed out.
- High funding + record open interest + nearby long liquidations = fragile positioning.
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Next lesson: Hedging a portfolio with futures
Educational information only - not financial advice.