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MYX Finance surged 23% in a single day, leading the top 100 coins. What signals do the funding data reveal?

[Coin World] MYX Finance has pumped quite a bit this time - it skyrocketed over 23% in just 24 hours, leading among the top 100 coins, easily recovering last week's fall. There are rumors in the market that it might be listed on a major exchange in December, but this is just speculation.

From a technical perspective, after breaking through 3 dollars, the MACD turned positive, and the trading volume surged to over 11 billion dollars. Although there is a resistance level around 3.5 dollars now, the funding data is quite interesting: the open interest jumped from 1.33 million dollars to over 3.8 million, and the trading volume of perpetual contracts remains stable around 300 million dollars.

This wave of increase coincides with the market falling below the $30 trillion mark, which can be considered a counter-trend performance.

MYX15.53%
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PriceOracleFairyvip
· 12-01 20:49
ngl the oi jump from 1.33m to 3.8m smells like coordinated accumulation... that's not retail energy
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NotSatoshivip
· 12-01 20:45
It's the same old trap again; rumors start to circulate when it hits the exchange, and then it's time for the dumping after it goes live.
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GasFeeNightmarevip
· 12-01 20:43
It's another such counter-trend pump; I really don't know whether to trust it or run. 23% gone in a day, the contract's explosive rise feels a bit unreal.
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FlashLoanKingvip
· 12-01 20:35
Wow, it’s this routine again. The market crashes while it rises, a typical buy the dip scheme. Be careful of being played for suckers, everyone.
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OnchainSnipervip
· 12-01 20:32
The counter-trend pump has something going on, the data on the capital side clearly shows that someone is building up.
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