Oh, MYX Finance [MYX], you saucy minx, you’ve had a bit of a tumble, haven’t you? Sliding 11% on the 5th of January like you’re auditioning for a role in Dancing with the Bears. 🐻💃 But fear not, darling, because the drama is chef’s kiss. 👩🍳✨
Sure, the sellers were having a field day, but the buyers? Oh, they were there, sipping their lattes and whispering, “Rebound, darling, rebound.” ☕💁♀️ Market data says they’re keeping the hope alive, like a candle in the wind of crypto chaos.
Why the dip, you ask? 🧐
Well, it seems the perpetual market decided it was time for a little profit-taking spa day. 🧖♀️💰 MYX’s Open Interest took a $16.7 million dip in the hot tub, signaling traders were cashing out like it’s Black Friday. But don’t worry, only $1.02 million in liquidations-barely a scratch, really. The rest? Intentional closures, because who doesn’t love a good profit? 🤑
This little shuffle might’ve nudged the price down, but let’s be real, it’s just MYX doing its dramatic hair flip. 💇♀️✨
And guess what? The Funding Rate stayed positive, which basically means the bulls are still in the room, sipping champagne and plotting their next move. 🥂🐂
On-chain activity? Modest, but growing. 🌱
Protocol revenue went from a “meh” $5 to a “not bad” $18. Total Value Locked (TVL) is climbing like it’s got a personal trainer, up $720,000 since January 1st. Investors are locking tokens like they’re preparing for a crypto winter-or maybe just a long nap. 🛌❄️
Perpetual Trading Volume? Up $66.24 million in a day. Cumulative Volume over seven days? A cool $1.936 billion. Someone’s been busy. 💼💸
Rally or further decline? The plot thickens. 📈📉
The Liquidation Heatmap is basically MYX’s crystal ball, and it’s saying, “Girl, there’s liquidity above you, go get it.” 🌟 Those unfilled orders are like a siren call, and MYX might just answer. 🧜♀️
Long positions are dominating the perpetual market, so the bulls are still in the game. 🐂💪 This dip? Probably just a dramatic pause before the next act.
Final Thoughts (because every drama needs a closing monologue) 🎭
- MYX’s dip was less “oh no” and more “cha-ching” for profit-takers. 🤑
- Positive Funding Rates, rising TVL, and on-chain activity say the bulls are still sipping their martinis. 🍸🐂
So, will MYX rebound? Darling, the stage is set. Let’s see if it sticks the landing. 🎤✨
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2026-01-05 17:46