MYX experienced a significant decline of 26.15% over the past 24 hours as of October 4, 2025, diverging sharply from the overall crypto market, which rose by 1.4%. The token's price fell below the crucial $8.9 support level, with short-term momentum turning bearish. This decline was exacerbated by a high concentration of orders and liquidation zones between $7 and $9, triggering widespread stop-losses and liquidations.
The broader market saw BTC dominance increase to 58.21%, with Bitcoin and Ethereum receiving inflows of $627 million and $307 million, respectively, while altcoin outflows intensified. Concerns over MYX's upcoming token unlock and historical whale activity have further unsettled investors. Analysts from Bitunix recommend focusing on risk management, reducing leverage, and closely monitoring the $4 level as a critical observation point.
MYX Drops 26.15% Amid Technical Weakness and Unlock Concerns
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