Liquidation wave · Live
$8.8M on-chain liquidation wave, 5 Nov 2026
Magnitude
M 3.9
on-chain, scale v1
Liquidated
$8.8M
USD at the block
Liquidations on Morpho Blue and GMX v2 (Ethereum, Base and Arbitrum) have totalled $8.8M since 22:45 UTC on 5 Nov 2026. The wave is ongoing. 239 positions were liquidated.
Timeline
All covered venues, with an hour before and after the wave for comparison.
Facts
- Started
- 5 Nov 2026, 22:45 UTC
- Peak
- 5 minutes from 5 Nov 2026, 22:45 UTC
- Ended
- Still going
- Duration
- Going on
- Positions liquidated
- 239 (239 liquidation events)
- Normal level
- Median hourly total $9K, 95th percentile $381K, over the 30 days before the day it started
- Coverage
- On-chain DeFi venues only; verified automatically from the blockchain
| Valued | Share | |
|---|---|---|
| Morpho Blue | $8.4M | 96% |
| GMX v2 | $360K | 4% |
| Valued | Share | |
|---|---|---|
| Ethereum | $7.7M | 88% |
| Base | $731K | 8% |
| Arbitrum | $360K | 4% |
| Valued | Share | |
|---|---|---|
| Bitcoin | $8.4M | 96% |
| Other | $329K | 4% |
| Ethereum | $18K | <1% |
Sources
| Transaction | Venue | Value |
|---|---|---|
| 0x6fc5e54f…d8b474 | Morpho Blue (Ethereum) | $7.7M |
| 0x244a998b…03c07e | Morpho Blue (Base) | $470K |
| 0x220971df…086a75 | GMX v2 (Arbitrum) | $135K |
| 0x69380bad…8ed002 | Morpho Blue (Base) | $125K |
| 0x27bfaa67…0f0cd1 | Morpho Blue (Base) | $95K |
| 0x9f76699f…e94a19 | GMX v2 (Arbitrum) | $61K |
| 0x6111c6c0…ce439f | GMX v2 (Arbitrum) | $40K |
| 0xf69b0d4a…6cb3de | GMX v2 (Arbitrum) | $16K |
| 0x16ea79f9…ed1d47 | GMX v2 (Arbitrum) | $16K |
| 0x4bc90d0f…578c92 | GMX v2 (Arbitrum) | $12K |
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