In the past hour, total liquidations across the network reached $31.32 million, with $5.35 million from long positions, with $25.97 million from short positions. BTC liquidation $13.38 million, ETH liquidation $1.72 million.

According to two sources, Tehran was the first to propose a 10-day ceasefire between the US and Iran, a proposal being pushed by mediators, highlighting the urgency of Tehran's desire for a ceasefire. The sources stated that the 10-day ceasefire aims to reach a solution to the Strait of Hormuz issue. Mediators, including senior officials from Qatar, Egypt, Oman, and Pakistan, have submitted the proposal to the US and added more details in talks with Washington and Tehran. One idea is to create a "transit corridor" in the Strait of Hormuz to allow safe passage for merchant ships. Sources revealed that the US is currently demanding an extension of the ceasefire, while Washington insists on at least a partial agreement on freedom of navigation in the Strait of Hormuz before the ceasefire takes effect, and will finalize the remaining details during the proposed 10-day suspension. Sources said that at least some Trump administration officials described Iran's proposal as "absurd" and "illogical." A US official stated that Trump is committed to making Iran "pay the price" for violating the memorandum of understanding and causing the deaths of US military personnel. (Jin Shi)

According to Odaily Planet Daily, based on monitoring by on-chain analyst Ai Yi, a smart money address went long on 1,000 BTC on July 6th and 10,000 ETH on July 14th, with entry points of $62,354 and $1,761.9 respectively. The current holding value is $85.36 million, with a floating profit of $5.484 million, and over $330,000 in funding fees paid.