Predictive Strength

Negligible
Solana historically had -6.82% 30 days returns when Liquidations (Long) was▆ Very Low (0 - 0.2). It indicates negative expected returns.
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SOL Price with Liquidations (Long)

Factor Plot

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▆ Very Low▆ Low▆ Moderate▆ High▆ Very High

Predictive Strength

Negligible

Measures the total volume of long liquidations across all exchanges.

Potential Edge

Leverage Cycle Feedback Loops

Perpetual futures markets exhibit predictable leverage dynamics:

High liquidation volumes → Reduced open interest → Lower systemic risk → Foundation for next leverage wave.

Large long liquidation clusters create immediate sell pressure as exchanges automatically close positions. This converts paper losses into realized price impact, often triggering stop-loss orders and margin calls for other leveraged longs.

Read more about our methodology

Track this predictive factor on your dashboard

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Scatter plot - Liquidations (Long) and SOL 30 and 90 Day Average Returns

Backtest - Strategy Performance

100.00%
1.00
100.00%
1.00
100.00%
1.00

To understand a predictive factors predictive power, we create a simple long/short strategy and simulate its past performance (with daily rebalancing):

  • 100% Long when the predictive factor is close to 1, with a position size equivalent to the predictive factor value.
  • Flat when the predictive factor is close to 0, with a position size equivalent to the predictive factor value.

The strategy is rebalanced daily, on a continuous basis. There are 0.5% transaction costs applied on each position adjustment.

API

Get started by validating the historical performance of the strategy with our transparent code snippets.
Copy and paste the code snippets below into your Python environment or download the files below.

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Our Methodology