ChainCatcher message, according to cryptocurrency analyst Ai Yi @ai_9684 monitoring, MYX briefly surged to 8 dollars, due to a large long position worth 4.78 million dollars being liquidated, triggering forced buying that caused the price to spike instantly.

After this liquidation, the Binance contract open interest instantly decreased by 6 million coins, and the MYX price subsequently fell back to 6.3 dollars.

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