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.

MYX-5.06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Related Topics
#
行情分析
Comment
0/400
ContractApprenticevip
· 09-08 11:30
difficult to understand
View OriginalReply0
MiG13vip
· 09-08 11:26
how to go up by liquidating a big long position? something here is out of logic...
Reply0
View More
NobelFoodiePrizeWinner888vip
· 09-08 11:23
Why would long positions be liquidated?
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)