MYX Finance [MYX] recently saw a sharp decline, with its liquidity experiencing a 33% outflow in a single day. This was a result of investors, both long and short, closing their positions, which led to a total of $74 million in closed positions.
Despite this decline, there are signs of a potential bullish rally. Data from CoinGlass shows that bullish traders (longs) faced significant losses, with $6.41 million in liquidations, while bearish traders (shorts) saw $4.21 million in liquidations. This simultaneous liquidation of both types of positions could indicate an upcoming shift in market structure.
Technical indicators also support the possibility of a rally. The Moving Average Convergence Divergence (MACD) is trending upwards in positive territory, and the Relative Strength Index (RSI) is at 63.4, a reading that typically signals a bullish trend.
However, the market sentiment remains uncertain. The OI-Weighted Funding Rate has fluctuated from positive to negative, showing that investors are undecided. This tug-of-war between bullish and bearish traders means that MYX’s price could go in either direction until a clear trend is established.
September 2025, Cryptoniteuae
