MYXUSDT has witnessed a vertical price surge from ~0.10 to nearly 0.80 in just a few sessions, leaving many 'gobsmacked' by this insane speed. What is happening?
🔍 Strong inflow of funds:
• Active buying volume (Taker Buy) surged in a short period.
• Open Interest (OI) is steadily increasing as the price rises → indicating that many are opening new Long positions.
• The Futures price spread compared to Spot (Basis) is clearly positive → capital is being pushed into Futures.
😱 The crowd is starting to FOMO:
• Although the price has risen over 250%, many continue to jump in and buy.
• RSI hit 97 – a very high overbought zone, but no signs of market fear yet.
• Notably: the majority of the market is still holding Short positions → and they are being 'forced' to liquidate step by step.
🎯 Message from the market:
This is a deliberate acceleration. When the crowd remains skeptical and holds Short positions, the pump occurs very effectively to create a 'fear of missing out' effect – forcing them to buy at high prices. Emotions at this point are no longer technical analysis – but the feeling of being left behind.
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🧭 Note:
• If you entered the trade early, consider holding your position but always set a reasonable stop-loss.
• If you plan to FOMO now, be very cautious. When too many people are chasing, the correction will be very painful.
Let reason lead, don't let emotions sweep you away.
