Question 1

Why is MYX’s price up today? (09/09/2025)

Accepted Answer

## TLDR  
**MYX Finance rose 251.80% over the last 24h**, extending its 7-day surge to 1,132%. The rally aligns with anticipation for its V2 upgrade and a short squeeze. Here are the main factors:

1. **V2 Upgrade Hype (Bullish)** – Imminent launch of zero-slippage trading and cross-chain features.  
2. **Short Liquidation Surge (Bullish)** – Over $11M in short positions liquidated, accelerating buying pressure.  
3. **Overheated Technicals (Mixed)** – RSI at 96.21 (14-day) signals extreme overbought risk.

---

## Deep Dive

### 1. V2 Upgrade Anticipation (Bullish Impact)  
**Overview:** MYX Finance’s V2 upgrade, expected in weeks, promises zero-slippage trading, cross-chain interoperability, and portfolio margin features. The team’s social media teases like *“V2 is closer than you think”* ([MYX Finance](https://x.com/DiarioBitcoin/status/1965074429693792461)) fueled speculation.

**What this means:** Traders are pricing in potential adoption growth, as V2 could position MYX as a competitor to centralized exchanges. The platform’s 24h trading volume surged 710% to $354M, reflecting optimism.

**What to look out for:** Confirmed V2 launch date and early user feedback on new features.

---

### 2. Short Squeeze Dynamics (Bullish Impact)  
**Overview:** Coinglass data shows $14.63M in liquidations over 24h (8 September), with $11M from short positions. MYX’s price broke past $3.69, triggering cascading buybacks.

**What this means:** High leverage (up to 50× on MYX) amplified the squeeze. The funding rate adjustment to every 4 hours on Binance ([11 August](https://coinmarketcap.com/community/articles/6899a67fb6aa07362f2ee562)) increased volatility, trapping bears.

**What to look out for:** Open interest trends – a decline could signal reduced squeeze fuel.

---

### 3. Overbought Technicals & Unlock Risks (Bearish Caution)  
**Overview:** MYX’s 14-day RSI hit 96.21 (above 70 = overbought), while its price sits near Fibonacci extension levels ($18.02–$27.80). Meanwhile, 39M MYX tokens ($59M) unlocked recently, with VC firm Hack VC selling $2.15M worth ([7 August](https://coinmarketcap.com/community/post/366593869)).

**What this means:** While momentum is strong, RSI divergence and unlock-driven sell pressure risk a sharp correction. Historically, MYX retraced 58% after a similar unlock event in August.

---

## Conclusion  
MYX’s rally combines organic hype for its V2 upgrade and a derivatives-driven short squeeze, but unsustainable RSI levels and token unlocks introduce downside volatility.

**Key watch:** Can MYX hold above the $11.20 Fibonacci support if profit-taking accelerates?

Question 2

Why is MYX’s price down today? (04/09/2025)

Accepted Answer

## TLDR  
MYX Finance fell 3.54% in the past 24h, underperforming the broader crypto market (-0.39%). Three key drivers:

1. **Token unlock sell-off** – Hack VC dumped $2.15M MYX post-unlock ([NullTX](https://nulltx.com/myx-unlock-day-bloodbath-unlock-triggered-a-short-squeeze-then-crashed-over-50-from-highs/)).  
2. **Technical correction** – Overbought RSI (98.06) reversed sharply after recent parabolic gains.  
3. **Leverage unwinding** – Bulls exited positions after $15.6M short liquidations earlier this week.

---

## Deep Dive  
### 1. Post-Unlock VC Dump (Bearish Impact)  
**Overview:**  
Hack VC sold 1.28M MYX ($2.15M) immediately after tokens unlocked on August 6, triggering panic. The sell-off accelerated when they moved 835K MYX to MEXC exchange at $1.77.

**What this means:**  
Token unlocks increase circulating supply while strategic investors like Hack VC often take profits, creating immediate sell pressure. With another 1.5% of supply unlocking in November 2025, traders remain cautious about further dumps.

**Key metric:** On-chain wallet activity ([0x72FB6d06](https://etherscan.io/address/0x72FB6d06A5DB3931dd33Db2AfE676488c7cE5353)).

---

### 2. Technical Reversal Signals (Mixed Impact)  
**Overview:**  
MYX’s 7-day RSI hit 98.06 on August 5 – its most overbought level ever – before crashing 58% to $0.91. Current price ($1.13) sits below critical Fibonacci support at $1.19.

**What this means:**  
The extreme RSI suggested unsustainable momentum, while the breakdown below $1.19 Fibonacci level shifted market structure to bearish. However, the 24h RSI (49.12) now shows neutral conditions, suggesting potential stabilization.

**Level to watch:** $1.18 (7-day SMA) as resistance.

---

### 3. Derivatives Market Shakeout (Bearish Impact)  
**Overview:**  
$15.6M in short positions were liquidated during MYX’s 477% rally on August 5-6. Post-unlock, bulls rapidly exited positions, causing cascading sell orders.

**What this means:**  
Leveraged traders amplified both the rally and correction. Binance’s August 11 decision to increase MYXUSDT perpetual funding rate frequency to every 4 hours ([Coincu](https://coinmarketcap.com/community/articles/6899a67fb6aa07362f2ee562)) added uncertainty about holding costs.

---

## Conclusion  
MYX’s drop combines profit-taking after a 1,403% 30-day rally, strategic VC selling, and overheated derivatives activity. While the protocol’s $9B/month trading volume and V2 upgrade plans offer fundamental support, near-term risks center on November’s token unlock and whale activity.

**Key watch:** Can MYX hold the $1.10–$1.18 support zone, or will new unlocks trigger another leg down?

Latest MYX Finance (MYX) Price Analysis

Why is MYX’s price up today? (09/09/2025)

TLDR

Deep Dive

1. V2 Upgrade Anticipation (Bullish Impact)

2. Short Squeeze Dynamics (Bullish Impact)

3. Overbought Technicals & Unlock Risks (Bearish Caution)

Conclusion

Why is MYX’s price down today? (04/09/2025)

TLDR

Deep Dive

1. Post-Unlock VC Dump (Bearish Impact)

2. Technical Reversal Signals (Mixed Impact)

3. Derivatives Market Shakeout (Bearish Impact)

Conclusion

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