MYX yesterday experienced a single-day surge, once breaking through a 61% increase, and the market enthusiasm was indeed ignited. What was the direct catalyst for this rally? The anticipation of the V2 upgrade. Features like instant perpetual contracts and zero slippage trading are highly anticipated, coupled with the overall rise of altcoins driven by Bitcoin's行情, forming a combined force.

However, looking at the daily chart, the RSI has already entered the overbought zone. It has retreated about 14% from the peak, and such a rapid correction is actually quite normal—after疯狂, the market needs to cool down. On-chain data is somewhat interesting; the OBV indicator shows that before the surge, there was indeed quiet accumulation of funds. More importantly, the whale long-short ratio is as high as 3.75, indicating that large investors have genuine intentions behind this upgrade narrative, not just follow-the-leader traders.

But this also highlights a fundamental issue in the crypto market—we are always sensitive to "stories of the future," yet often overlook the reality when these stories are actually implemented. Will the upgrade be launched on schedule? Will the features truly bring tangible value to users? These are the real questions that determine whether prices can continue to rise. No matter how hot the narrative, it must withstand the test of time and practical application.