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MYX Surges to $8 Due to Forced Liquidation of Large Long Positions, Drops Back to $6.3

Summary: According to crypto analyst Ai姨@ai_9684 xtpa, MYX briefly surged to $8 due to the forced liquidation of a large long position worth $4.78 million, triggering a sudden spike in price due to forced buying. Following this liquidation, Binance's futures open interest instantly decreased by 6 million coins, causing MYX's price to drop back to $6.3.

According to crypto analyst Ai姨@ai_9684 xtpa, MYX briefly surged to $8 due to the forced liquidation of a large long position worth $4.78 million, triggering a sudden spike in price due to forced buying. Following this liquidation, Binance's futures open interest instantly decreased by 6 million coins, causing MYX's price to drop back to $6.3.

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Link: MYX Surges to $8 Due to Forced Liquidation of Large Long Positions, Drops Back to $6.3 [Copy]

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