Seismograph by Cryptograph Club

Position liquidation · Closed

$1.2M GMX v2 liquidation on Arbitrum, 26 Feb 2026

Magnitude M 3.1 on-chain, scale v1
Position size $1.2M USD at the block

One short position on GMX v2 (Arbitrum) was liquidated at 04:13 UTC on 26 Feb 2026. Its size was $1.2M.

Facts

Time
26 Feb 2026, 04:13 UTC
Venue
GMX v2 on Arbitrum
Liquidated
Short, Bitcoin
Liquidation events
1 in one transaction
Coverage
On-chain DeFi venues only; verified automatically from the blockchain

Sources

The transaction, on the chain's block explorer
TransactionVenueValue
0x5d857982…d0ca1e GMX v2 (Arbitrum) $1.2M

Values are in USD at the block of each liquidation, from on-chain prices. On-chain liquidation magnitudes measure DeFi venues only and are not yet comparable with hack or depeg magnitudes. Methodology · The magnitude scale