Auto-deleveraging (ADL)
Auto-deleveraging (ADL) means the venue reduces or closes profitable positions on one side of a market to cover liquidations on the other side that the market could not absorb.
Definition
Auto-deleveraging (ADL) means the venue reduces or closes profitable positions on one side of a market to cover liquidations on the other side that the market could not absorb. The trader placed no order; the venue cut the position.
In one sentence: Auto-deleveraging (ADL): the venue cuts profitable positions on one side to cover liquidations on the other side that the market could not absorb.
Current data · all markets
no data yet| time | coin | side cut | USD cut | wallets | opposite liquidations |
|---|---|---|---|---|---|
| 4 Nov 2026, 04:19 UTC | BTC | long | $16.8M | 26 | $5.9M |
From the data shown above: First row: 4 Nov 2026, 04:19 UTC, coin BTC, side cut long, USD cut $16.8M, wallets 26, opposite liquidations $5.9M.
How we compute it
Formula
possible ADL = ≥ 3 tracked wallets cut profitable positions on one side by ≥ $5M within 10 minutes
while ≥ $5M of the opposite side was liquidated on Hyperliquid (cooldown 60 minutes per coin)- The detector does not see ADL fills directly, so ADL is inferred: it compares position polls of the tracked wallets with the stored liquidations every minute.
- An event fires when, within 10 minutes, at least 3 tracked wallets reduced or closed positions that were in profit at the poll before, together $5M or more on one side of a coin, while $5M or more of the opposite side was liquidated.
- Severity 2, from $25M cut severity 3. Each event is published on Security › Latest with the wallets and amounts as evidence.
- On Lighter, trades flagged as auto-deleveraging are not counted as liquidations.
How to read it
- An event names the coin, the side that was cut, the USD cut and the opposite liquidations in the same window.
- Several events in a short time on one coin point to a market that could not absorb its liquidations.
Common mistakes
- Taking every event as confirmed ADL. It is a pattern match on public positions; the venue does not confirm it.
- Counting ADL as liquidations. The cut positions were in profit; they are not part of the liquidation totals.
Honest limits
- Voluntary profit-taking into a liquidation cascade looks the same; the event says “possible” for that reason.
- Only tracked wallets are seen; ADL of positions the collector does not poll is missed.
Questions and answers
Can Blockmetric confirm that a position was auto-deleveraged?
No. The detector does not see ADL fills directly; it infers ADL from tracked positions that were in profit and shrank while the opposite side was liquidated. Voluntary profit-taking looks the same, so every event says possible.
Use it live
Step by step
API
Every key uses the data of its plan; see the developer docs for parameters and examples. Developers · API docs
Plan availability
- Free: every coin, current values and 30 days of history.
- Pro and above: history up to 1095 days, CSV export.
- API: free developer key (10/min, 1,000/day, free-tier data, non-commercial) · API Dev and above (60/min, 50,000/day).
Terms defined here
Auto-deleveraging (ADL)
Methodology. Facts from public data. Not investment advice. · Report incorrect data