Analysis: MYX briefly rose to 8 USD, triggered by a long positions liquidation of 4.78 million USD.

Foresight News reported that according to @ai9684xtpa's monitoring, the price of MYX experienced a short-term big pump to 8 USD, a phenomenon caused by a liquidation of a long positions worth 4.78 million USD, which led to a temporary surge in price. After the price reached 8 USD, the open interest on Binance contracts quickly dropped by 6 million coins, and the price has since fallen back to 6.3 USD.

MYX1,6%
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行情分析
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ContractApprenticevip
· 2025-09-08 11:30
difficult to understand
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MiG13vip
· 2025-09-08 11:26
how to go up by liquidating a big long position? something here is out of logic...
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NobelPrizeWinnerInContractsvip
· 2025-09-08 11:23
Why would long positions be liquidated?
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