Data: GMX v1 liquidated old BTC positions and incurred $13 million in fees, part of which will be used to repurchase GMX

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According to ChainCatcher, as monitored by @SigmaSquared, GMX v1 platform recently liquidated an old BTC position, generating over $13 million in fees, including borrowing costs. It is reported that 30% of these fees will be used to repurchase GMX tokens. Additionally, he mentioned a $4 million TWAP (Time-Weighted Average Price) order is being applied to a token with a market capitalization of $100 million.

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