🔥MYX Current Situation Interpretation: High Control and High-Risk 'Gambling'🔥

1. Extremely High Control Level, Operators Dominate the Entire Situation

The top ten addresses hold 70%-80% of the positions, with prices controlled by the main players, resulting in poor market liquidity; even slight buying or selling triggers significant fluctuations (facilitating false spikes and liquidations). Contract trading is active, with high participation from retail investors, but the beneficiaries are always the operators.

2. Trading Volume Second Only to BTC/ETH, the Number of Liquidations is Shocking. Operator Strategy: Rapidly Raise Prices to Attract Bulls → Instantly Crash to Liquidate Longs → Rebound then Drop to Liquidate Shorts, Repeated Harvesting. In the past three days, over 100,000 MYX contracts have been liquidated, mostly involving retail investors.

3. The Principle of 'More People, More Liquidations'

Operators target the largest leveraged groups based on on-chain and position data. For example, if bulls occupy 70%, they suppress to liquidate longs; if shorts are overly concentrated, they raise prices to liquidate shorts. Ultimately, this is merely capital manipulation, not real market trading.