08.09.2025 08:06

The MYX token recently commanded significant market attention, registering an extraordinary price increase that saw its value skyrocket by 157.95% to reach $4.14. This dramatic ascent triggered widespread liquidations across the network, particularly crushing short positions, as over $16.53 million was wiped out within a single 24-hour period.

According to data from Coinglass, widely reported by various internet sources on September 8th, a closer examination of the liquidation figures reveals a stark imbalance: while long positions accounted for $2.85 million in liquidations, the vast majority, an overwhelming $13.68 million, came from short positions. Such intense activity propelled MYX's 24-hour liquidation volume to rank third overall, trailing only behind established giants like Ethereum (ETH) and SOMI. This positioning underscores the exceptionally high level of derivatives trading engagement surrounding the asset.

The confluence of a sharp price rally and these substantial liquidation totals unmistakably signals a period of extreme intraday volatility for MYX. Consequently, market participants, and especially those tasked with risk management, are strongly advised to meticulously monitor critical indicators. Key metrics such as open interest, overall leverage ratios, and real-time order-book dynamics will be crucial for informed position management in such a dynamic environment.