Bitunix Analyst: MYX Plummets 26.15% in 24 Hours, Technical Collapse and Unlocking Concerns Amplify Selling Pressure

BlockBeats news, on October 4th, MYX fell against the trend by 26.15% in the past 24 hours, showing a clear divergence from the overall cryptocurrency market capitalization rise of 1.4%. The price has broken below the key support at $8.9, with short-term momentum skewed to the downside; the liquidation heat map shows high-density open orders and liquidation bands in the $7–9 range, and breaking this level has triggered a large number of stop losses and liquidations, making it likely to continue fluctuating downwards in the short term. On the funding side, BTC's dominance has rebounded to 58.21%, with BTC and ETH recording approximately $627 million and $307 million in capital inflows, respectively, while altcoin capital outflow is evident, and the 24-hour trading volume has dropped to about $229 million, shifting market risk appetite to a conservative stance. The historical record of MYX token unlocking and on-chain Whale coordination dumping further amplifies investor concerns. Bitunix analysts suggest: prioritize risk management in the short term, recommend reducing leverage and observing $4 as a key level; if it holds after touching, bullish rebound signals combined with volume can be observed. At the same time, pay attention to BTC's movements; if it continues to rally, the pressure from altcoin capital outflow may further intensify.