GMX v1 clearing old BTC positions incurs $13 million in fees, some of which will be used to repurchase GMX According to @ SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, resulting in over $13 million in fees, including borrowing costs. It is reported that 30% of this fee will be used to repurchase GMX tokens. In addition, he mentioned that a $4 million TWAP (Time Weighted Average Price Order) is being applied to a token with a market value of $100 million.