MYX Crashes 95% in a Month as Bears Dominate, Whales Try to Stem Losses

MYX Crashes 95% in a Month as Bears Dominate, Whales Try to Stem Losses — Beincrypto
Source: Beincrypto

MYX Finance has plunged about 95% over the past month as sustained selling left the token’s outlook overwhelmingly bearish. Large investors have bought in an attempt to stabilize the market, but those purchases have not altered the broader downward trajectory. The Chaikin Money Flow (CMF) has stayed deep in negative territory, signaling persistent outflows and weak buying pressure.

In the futures market, liquidations are concentrated toward the downside: a drop below the $0.45 level would trigger roughly $2.6 million in liquidations, a sign traders are braced for further declines. Whales holding more than $1 million of MYX increased their stakes by 24%, now holding just over 253,013 MYX tokens, yet that accumulation has so far failed to reverse sentiment.

Without a wider shift in investor confidence or a positive catalyst, whale buying alone appears unlikely to stop the bleed. MYX is trading around $0.300, down 95.3% for the month, and still faces the risk of further losses.

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