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MYX instantly rose to $8 due to forced liquidation of long orders by large investors, and then fell back to $6.3
2days ago

According to crypto analyst Ai Yi (@ai_9684) and xtpa, MYX briefly surged to $8 due to a forced liquidation of a large long order worth $4.78 million, triggering a forced buy and causing a sudden price surge. Following this forced liquidation, Binance Futures' open interest decreased by 6 million, and the MYX price subsequently fell back to $6.3.

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