SlowMist: The core reason for the GMX attack is that the global short average price of GMX v1 can be manipulated, causing the GLP price to be maliciously inflated for arbitrage.

On July 10th, according to Coinglass data, the current funding rates of mainstream CEX and DEX show that the market is only in a neutral state and not entirely bullish. The funding rate for BTC contracts on the Binance platform has returned to 0.01% (it was previously below 0.01% for a period), and on some exchanges, certain trading pairs have even shown a negative rate (indicating a greater number of short positions). The specific funding rates for mainstream coins are shown in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund transfer mechanism between long and short traders. The trading platform does not collect this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represe

On July 10th, according to Coinglass data, if Bitcoin manages to break through $114,000, the cumulative short liquidation strength on mainstream CEXs will reach $1.389 billion. Conversely, if Bitcoin drops below $108,500, the cumulative long liquidation strength on mainstream CEXs will reach $1.994 billion. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, a more intense reaction will occur due to a liquidity cascade.

July 10th. Based on Coinglass data, Bitcoin witnessed a significant surge early this morning and reached $111,999, setting a new all-time high. During the past 12 hours, the total amount liquidated across the entire network amounted to $448 million. Specifically, the long positions were liquidated at $43.55 million, while the short positions were liquidated at $404 million.

On July 10th, President Trump of the United States announced a 50% tariff on Brazil.

On July 10th, as per Cointelegraph, Justin Sun declared that they are committed to purchasing $100 million worth of TRUMP and referred to it as the "Make America Great Again (MAGA) currency."

On July 10th, based on HTX market data, Bitcoin witnessed a surge and touched $112,000, reaching a new all-time high.