🚨 $MYX — The Perfect Two-Sided Liquidation Cycle

From $0.04 → $18.65.

Then from $18… straight back to reality.

Now trading around $0.43 (-33%).

This wasn’t random price action. It was a textbook futures squeeze cycle.

Phase 1️⃣ — Short Squeeze

As $MYX started pumping from $0.04, traders kept shorting every spike:

“It’s overextended.”

“This is the top.”

But price kept climbing.

Every liquidation added fuel.

Shorts became buyers.

Momentum fed on itself.

The monthly candle printed $18.65.

Phase 2️⃣ — Long Liquidation

Sentiment flipped.

The same traders who doubted it now believed in $50… $100…

Heavy longs opened.

Leverage increased.

Confidence peaked.

Next month?

A massive red candle.

No continuation.

Just distribution — and collapse.

Now price sits under $0.50.

🔑 Lessons From This Chart

• Don’t fight strong momentum with ego

• Don’t chase parabolic monthly candles

• Extreme leverage + extreme volatility = account destruction

• In futures markets, price hunts crowded positions

• Euphoria and despair are both liquidity events

First shorts were liquidated on the way up.

Then late longs were liquidated on the way down.

A perfect two-sided wipeout.

If you traded this move — be honest.

Did you ride the squeeze…

or become the liquidity?BTCDropsbelow$63K