BlockBeats news, on October 4th, MYX fell against the trend by 26.15% in the past 24 hours, showing a clear divergence from the overall cryptocurrency market capitalization rise of 1.4%. The price has broken below the key support at $8.9, with short-term momentum skewed to the downside; the liquidation heat map shows high-density open orders and liquidation bands in the $7–9 range, and breaking this level has triggered a large number of stop losses and liquidations, making it likely to continue fluctuating downwards in the short term. On the funding side, BTC's dominance has rebounded to 58.21%, with BTC and ETH recording approximately $627 million and $307 million in capital inflows, respectively, while altcoin capital outflow is evident, and the 24-hour trading volume has dropped to about $229 million, shifting market risk appetite to a conservative stance. The historical record of MYX token unlocking and on-chain Whale coordination dumping further amplifies investor concerns. Bitunix analysts suggest: prioritize risk management in the short term, recommend reducing leverage and observing $4 as a key level; if it holds after touching, bullish rebound signals combined with volume can be observed. At the same time, pay attention to BTC's movements; if it continues to rally, the pressure from altcoin capital outflow may further intensify.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saylor University Obtains Florida University Accreditation, Offers Free Bitcoin Economics Course
Saylor University received certification from the Florida Department of Education and ASIC international certification on March 17, confirming the provision of free online learning including Bitcoin Economics courses, with existing programs upgraded to formal degree programs.
GateNews3m ago
Why Bitcoin's Biggest Quantum Critic Says Real Bull Market Starts at $80,000 - U.Today
Charles Edwards, founder of Capriole Investments, analyzes Bitcoin's market, stating that a move above $80,000 could signal a bull market. His outlook is based on institutional purchasing patterns, while he continues to warn of quantum computing threats to Bitcoin's future by 2028.
UToday28m ago
BTC breaks below $73,000, intraday decline of 1.32%
Gate News, on March 18, BTC fell below the $73,000 mark, with a daily decline of 1.32%.
GateNews29m ago
BTC drops below 73,000 USDT
Gate News bot message: According to Gate market data, BTC has broken below 73000 USDT, currently trading at 72990.7 USDT.
CryptoRadar30m ago
BTC 15-minute decline of 0.48%: Selling pressure and liquidity shifts amplify global volatility
2026-03-18 11:15 to 11:30 (UTC), BTC recorded a -0.48% return within 15 minutes, with a price range of 73570.9 to 74008.0 USDT, and amplitude reaching 0.59%. The market exhibited increased volatility characteristics during this period, drawing investor attention to the causes of short-term movements.
The main driving force behind this movement is the release of short-term selling pressure and changes in liquidity. If large-scale BTC transfers occur on-chain, and spot and futures trading volumes surge, it may trigger short-term market selling, especially in the context of sell-side dominance and weakened order book liquidity.
GateNews36m ago
Bitcoin and Gold Correlation Coefficient Drops to -0.88, Reaching Lowest Level Since November 2022
Gate News reports that on March 18, CryptoQuant data showed the correlation coefficient between Bitcoin and gold dropped to -0.88, hitting a new low since November 2022. The data indicates a strong negative correlation between the two, with Bitcoin's price rising to $74,000 while gold experienced a slight decline.
GateNews1h ago
