Look everyone, they don't even bring their own family, struggling to bring people from the square.

Why did MYX rise to a new high and then immediately drop back to the starting point?
Looking at the funding rate, yesterday before the rise to a new high, the rate was -2%, so when there were only a few minutes left for the funding rate to settle, there was certainly some action. Additionally, from the on-chain data, although the price increased, the external feedback data did not show significant growth, so it can be considered somewhat 'overvalued'. Therefore, when the position reached the profit cost for market makers, they naturally chose to sell to realize profits. Retail investors who are unaware of the truth and chase the price up become the fuel. However, MYX did not crash like others; it still provided quite a bit of reaction time. Follow me, and let's explore the crypto world together!