Seismograph by Cryptograph Club

Position liquidation · Closed

$10.4M GMX v2 liquidation on Arbitrum, 2 Jul 2026

Magnitude M 4.0 on-chain, scale v1
Position size $10.4M USD at the block

One short position on GMX v2 (Arbitrum) was liquidated at 12:30 UTC on 2 Jul 2026. Its size was $10.4M.

Facts

Time
2 Jul 2026, 12:30 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
0xf6a78f50…22be44 GMX v2 (Arbitrum) $10.4M

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