⚠️ MYX Current Situation Analysis: High Control + High Risk 'Casino Game'

1️⃣ Extremely high control, the dealer completely dominates

The top 10 addresses may hold over 70%~80%, and the price is entirely manipulated by the main players. The market depth is extremely poor, and slight buying and selling can trigger violent fluctuations (making it easy to induce liquidation). The contract trading volume is unusually high, indicating that a large number of retail investors are participating, but the ones who profit are always the dealers.

2️⃣ Contracts have become a 'death trap'

Trading volume is second only to BTC/ETH, but the liquidation volume is equally astonishing. Dealer tactics: suddenly pump to attract long positions → instantly dump to liquidate longs → pull back and then liquidate shorts (repeated harvesting). Data: in the past 3 days, the number of liquidations in MYX contracts has exceeded 100,000+, most of whom are retail investors.

3️⃣ Why do we say 'whichever side has more people, that side gets liquidated'?

The dealer accurately targets the area with the highest leverage concentration through on-chain data + exchange position distribution. For example: if long positions account for 70%, then they will dump to liquidate longs; if there are too many short positions, they will pump to liquidate shorts. Essentially, it is a game of capital, rather than normal market behavior.