In this THREAD I will explain “Order book”
1. Order book Heatmap
2. What is an Order book?
🧵(1/12)
1. Order book Heatmap
When is it bearish?
• Large sell clusters = limit asks
• Stacked sell walls overhead persist, repeatedly reject price
• Sell walls step down toward market (sellers chase lower prices)
• Bid-side below thin (“air pockets”) so dips accelerate
1.1 Order book Heatmap
When is it bullish?
• Large buy clusters = limit bids
• Stacked buy walls below absorb sells and hold levels
• Buy walls step up toward price (buyers chase higher → higher lows)
• Ask-side above is thin, so small buy flow lifts price quickly
1.2 Order book Heatmap
What is unique about Kiyotaka Heatmaps is that show hyperliquid liquidation prices
Which are actual liquidation prices guaranteed to happen on-chain
1.3 Order book Heatmap
Kiyotaka’s Heatmap shows a grid where each block's intensity reveals how many buy or sell orders exist at different price levels during each time period.
Stronger intensity means more orders
9.77K
160
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.