MYX has fallen 11% amid a significant liquidity crunch and a bearish turn in the fear and greed index. The total value locked (TVL) in the protocol has decreased by $1.16 million over the past eight days, now standing at $22.64 million. Additionally, protocol revenue has plummeted by 99.37% to just $105. Open interest in MYX has also declined by 14% to $21.27 million, while spot trading volume has dropped to $44.74 million. The cryptocurrency faces further pressure, with potential risks for altcoins if MYX's price falls below the $0.23 mark.