#MYX dropped 32% smart money $MYX
📉 MYX plummeted 32%+: smart money dumping (Binance/on-chain)
Latest (2026-02-19 19:00)
- Price: $1.06 (24h -32.6%, lowest $1.01)
- Market cap: approximately **$1.06 billion**, circulation 266.96M
- From February 8 to present: -70%+, from $3.8→$1.06
🔍 Smart money behavior (core signals)
1. Whales concentrated dumping
- On-chain: Top 10-20 whales continuously sold large amounts for 48 hours, single transactions of 5 million to 20 million MYX
- Exchange: Large sell orders on Binance pressuring the market, transaction ratio over 60%+, retail investors unable to absorb
2. Capital outflow: Massive outflow
- MFI (Money Flow Index): Historical first severe overselling, continuous net outflow of funds
- 24h trading volume exploded by 120%+, price plummeted with volume, typical smart money fleeing
3. Leverage liquidation cascade
- Contracts: 50x leverage liquidation wave, long positions liquidated over $8 million, accelerating the decline
- Smart money opened shorts in advance, further pressuring the market through liquidations
4. Unlocking + team selling pressure
- Mid-February 38.99 million MYX unlocked (approximately 1.5% circulation), team/early investors concentrated on selling
- Whales synchronously unlocking + secondary market selling, forming double selling pressure
🧾 Core reasons for the decline
- Market sentiment: BTC broke **$66k**, DeFi/derivatives sector fully crashing
- Fundamentals: MYX Finance liquidity shrinking, trading volume declining, no new positive news
- Technical breakdown: Broke through all MA20/50/200 moving averages, trend completely deteriorated
📌 Short-term judgment (Binance perspective)
- Selling pressure continues: Whales have not shown significant replenishment, still have remaining chips to exit
- Oversold but no rebound: RSI < 20, Stoch oversold, but no buying support
- Key support: $0.95-$1.0 (historically dense transaction area), if broken, then look for **$0.7-$0.8**