$MYX surged sharply, many people went short, pulling 20 times, a lot of short sellers should have been wiped out.

Actually, it's not advisable to short in such situations; generally, sudden surges in altcoins are not recommended for shorting.

If you short with a leverage of one time, a pull of one time will lead to a liquidation, while going long with one time has no liquidation point. If you short, the probability of losing money is high since you can't predict how much it will rise; with altcoins, the manipulators have strong control over the market, and they can pull the price at any time while also cashing out at high positions.

If you short, even if this coin goes to zero, you can only make one time profit; the more it rises, the more you can earn.

Calculating the economic account can lead to the conclusion that the risk-reward ratio is too low, and the risk is extremely high; it's best to just watch the show!