We demonstrate a concept to study transient liquids with picosecond time-resolved x-ray scattering in a high-repetition-rate configuration. Femtosecond laser excitation of crystalline indium antimonide ͑InSb͒ induces ultrafast melting, which leads to a loss of the long-range order. The remaining local correlations of the liquid result in broad x-ray diffraction rings, which are measured as a function of delay time. After 2 ns the liquid structure factor shows close agreement with that of equilibrated liquid InSb. The measured decay of the liquid scattering intensity corresponds to the resolidification rate of 1 m/s in InSb.