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.
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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.