Seismograph by Cryptograph Club

Liquidation wave · Live

$59.3M on-chain liquidation wave, 14 Nov 2026

Magnitude M 4.8 on-chain, scale v1
Liquidated $59.3M USD at the block
Busiest hour $18.6M to 14 Nov 2026, 22:15 UTC

Liquidations on Morpho Blue, Aave v3, GMX v2, Aave v4, Compound v3 and Spark (Base, Ethereum and Arbitrum) have totalled $59.3M since 14:00 UTC on 14 Nov 2026. The wave is ongoing. The busiest hour saw $18.6M. 3,666 positions were liquidated. 21 liquidations could not be valued and are not included.

Timeline

$0$5.0M$10.0M14 Nov 13:00–13:05 UTC: $113K13:0014 Nov 13:05–13:10 UTC: $6K14 Nov 13:10–13:15 UTC: $014 Nov 13:15–13:20 UTC: $014 Nov 13:20–13:25 UTC: $16K14 Nov 13:25–13:30 UTC: $5K14 Nov 13:30–13:35 UTC: $014 Nov 13:35–13:40 UTC: $014 Nov 13:40–13:45 UTC: $014 Nov 13:45–13:50 UTC: $014 Nov 13:50–13:55 UTC: $014 Nov 13:55–14:00 UTC: $014 Nov 14:00–14:05 UTC: $7.3M14 Nov 14:05–14:10 UTC: $3K14 Nov 14:10–14:15 UTC: $88K14:1014 Nov 14:15–14:20 UTC: $014 Nov 14:20–14:25 UTC: $2.7M14 Nov 14:25–14:30 UTC: $1.1M14 Nov 14:30–14:35 UTC: $231K14 Nov 14:35–14:40 UTC: $295K14 Nov 14:40–14:45 UTC: $56K14 Nov 14:45–14:50 UTC: $121K14 Nov 14:50–14:55 UTC: $135K14 Nov 14:55–15:00 UTC: $014 Nov 15:00–15:05 UTC: $7K14 Nov 15:05–15:10 UTC: $310K14 Nov 15:10–15:15 UTC: $1.4M14 Nov 15:15–15:20 UTC: $1.7M14 Nov 15:20–15:25 UTC: $3.2M15:2014 Nov 15:25–15:30 UTC: $3.0M14 Nov 15:30–15:35 UTC: $2.7M14 Nov 15:35–15:40 UTC: $4K14 Nov 15:40–15:45 UTC: $2K14 Nov 15:45–15:50 UTC: $10K14 Nov 15:50–15:55 UTC: $2K14 Nov 15:55–16:00 UTC: $414 Nov 16:00–16:05 UTC: $014 Nov 16:05–16:10 UTC: $36K14 Nov 16:10–16:15 UTC: $1.2M14 Nov 16:15–16:20 UTC: $014 Nov 16:20–16:25 UTC: $714 Nov 16:25–16:30 UTC: $14K14 Nov 16:30–16:35 UTC: $1516:3014 Nov 16:35–16:40 UTC: $1114 Nov 16:40–16:45 UTC: $014 Nov 16:45–16:50 UTC: $941K14 Nov 16:50–16:55 UTC: $014 Nov 16:55–17:00 UTC: $014 Nov 17:00–17:05 UTC: $19K14 Nov 17:05–17:10 UTC: $1.1M14 Nov 17:10–17:15 UTC: $1414 Nov 17:15–17:20 UTC: $8014 Nov 17:20–17:25 UTC: $6K14 Nov 17:25–17:30 UTC: $014 Nov 17:30–17:35 UTC: $014 Nov 17:35–17:40 UTC: $014 Nov 17:40–17:45 UTC: $017:4014 Nov 17:45–17:50 UTC: $28314 Nov 17:50–17:55 UTC: $014 Nov 17:55–18:00 UTC: $014 Nov 18:00–18:05 UTC: $9714 Nov 18:05–18:10 UTC: $014 Nov 18:10–18:15 UTC: $014 Nov 18:15–18:20 UTC: $9914 Nov 18:20–18:25 UTC: $21214 Nov 18:25–18:30 UTC: $014 Nov 18:30–18:35 UTC: $014 Nov 18:35–18:40 UTC: $014 Nov 18:40–18:45 UTC: $014 Nov 18:45–18:50 UTC: $014 Nov 18:50–18:55 UTC: $14518:5014 Nov 18:55–19:00 UTC: $014 Nov 19:00–19:05 UTC: $014 Nov 19:05–19:10 UTC: $014 Nov 19:10–19:15 UTC: $7K14 Nov 19:15–19:20 UTC: $100K14 Nov 19:20–19:25 UTC: $75K14 Nov 19:25–19:30 UTC: $2K14 Nov 19:30–19:35 UTC: $014 Nov 19:35–19:40 UTC: $014 Nov 19:40–19:45 UTC: $014 Nov 19:45–19:50 UTC: $11514 Nov 19:50–19:55 UTC: $014 Nov 19:55–20:00 UTC: $014 Nov 20:00–20:05 UTC: $3K20:0014 Nov 20:05–20:10 UTC: $16K14 Nov 20:10–20:15 UTC: $129K14 Nov 20:15–20:20 UTC: $89K14 Nov 20:20–20:25 UTC: $138K14 Nov 20:25–20:30 UTC: $014 Nov 20:30–20:35 UTC: $524K14 Nov 20:35–20:40 UTC: $1K14 Nov 20:40–20:45 UTC: $93K14 Nov 20:45–20:50 UTC: $014 Nov 20:50–20:55 UTC: $8.2M14 Nov 20:55–21:00 UTC: $355K14 Nov 21:00–21:05 UTC: $1.1M14 Nov 21:05–21:10 UTC: $638K14 Nov 21:10–21:15 UTC: $1.3M21:1014 Nov 21:15–21:20 UTC: $2.7M14 Nov 21:20–21:25 UTC: $30814 Nov 21:25–21:30 UTC: $014 Nov 21:30–21:35 UTC: $014 Nov 21:35–21:40 UTC: $67614 Nov 21:40–21:45 UTC: $014 Nov 21:45–21:50 UTC: $358K14 Nov 21:50–21:55 UTC: $014 Nov 21:55–22:00 UTC: $2314 Nov 22:00–22:05 UTC: $91K14 Nov 22:05–22:10 UTC: $8.2M14 Nov 22:10–22:15 UTC: $7.3M14 Nov 22:15–22:20 UTC: $17K14 Nov 22:20–22:25 UTC: $21K22:2014 Nov 22:25–22:30 UTC: $014 Nov 22:30–22:35 UTC: $1K14 Nov 22:35–22:40 UTC: $014 Nov 22:40–22:45 UTC: $014 Nov 22:45–22:50 UTC: $12K14 Nov 22:50–22:55 UTC: $311K14 Nov 22:55–23:00 UTC: $014 Nov 23:00–23:05 UTC: $0

All covered venues, with an hour before and after the wave for comparison.

Facts

Started
14 Nov 2026, 14:00 UTC
Peak
5 minutes from 14 Nov 2026, 20:50 UTC
Ended
Still going
Duration
Going on
Positions liquidated
3,666 (3,671 liquidation events)
Normal level
Median hourly total $8K, 95th percentile $626K, over the 30 days before the day it started
Merged
1 later wave started less than 6 hours after this one ended and is counted here
Not valued
21 liquidations could not be valued and are not included
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Morpho Blue$38.6M65%
Aave v3$15.4M26%
GMX v2$4.0M7%
Aave v4$713K1%
Compound v3$458K<1%
Spark$102K<1%
By chain
ValuedShare
Base$36.5M62%
Ethereum$18.3M31%
Arbitrum$4.5M8%
By asset
ValuedShare
Bitcoin$28.0M47%
Ethereum$21.7M37%
Other$8.0M13%
Stablecoins$1.6M3%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0xadf31be9…ef136c Aave v3 (Ethereum) $6.6M
0x97349577…216fb0 Morpho Blue (Base) $3.8M
0x9b25f198…01dabb Morpho Blue (Base) $2.4M
0xf64ed2a6…dadcdb Morpho Blue (Base) $2.2M
0x9972bce8…38e009 Aave v3 (Ethereum) $1.9M
0x98d64544…64f626 Morpho Blue (Base) $1.9M
0xcc845ff9…468c10 Morpho Blue (Base) $1.8M
0x7f24f366…3fb6b7 Morpho Blue (Base) $1.7M
0x3a21567f…0f749f Aave v3 (Ethereum) $1.6M
0xfcb9aba1…dd912d Morpho Blue (Base) $1.6M

Revisions

Changes after the event first closed
When (UTC)WhyChanged
14 Nov 2026, 21:15 A new wave started less than 6 hours after it ended
ended at: 14 Nov 2026, 17:10 UTC → none
value usd: $27.6M → $39.0M
magnitude: 4.4 → 4.6

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