2026-01-04 20:20:24

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.

MYX0,48%

BTC-2,35%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
5
Repost
Share

Comment

0/400

WalletDoomsDay

· 16h ago

61% in one wave, then a direct 14% pullback—that's the daily routine in the crypto world... The big whales are indeed putting real money pressure, but no matter how good the story is, ultimately, it comes down to execution.

View OriginalReply0

RealYieldWizard

· 01-05 21:32

Whales are positioning, but I still don't quite believe it. V2 promises are heard too often in the crypto world. --- A 61% surge so quickly actually makes me a bit nervous, feels like they're just waiting to cut the grass. --- RSI overbought plus 14% correction, this rhythm is a bit dirty. --- The questions hit quite accurately; implementation is the key. Right now, it's all just stories. --- Major players are betting on a 3.75 long-short ratio. Alright, I'll watch for now and not rush to act. --- It's another upgrade expectation. When was the last time I heard this?

View OriginalReply0

SignatureAnxiety

· 01-04 20:49

A 61% surge is indeed impressive, but this speed... feels like the story is being told too quickly. V2 hasn't even been implemented yet, and it's already fully absorbed. When the features actually go live, will there be a sell-off? Are the big whales really optimistic, or are they just making a final push before unloading? Who can say for sure?

View OriginalReply0

GateUser-74b10196

· 01-04 20:34

A 61% increase, I saw the people getting cut during that wave Can V2 really be realized? That's the key It's the same old story with Bitcoin leading the rhythm, the fate of altcoins RSI is already overbought, dare to chase? Quite bold Whale ratio at 3.75 is good, but brothers, don't get caught by the little guys Upgrades and implementation are the real deal, right now it's all just stories A quick correction is normal, but the question is whether it can rebound this time Zero slippage sounds good, but can it actually be used? On-chain data shows capital accumulation, but who knows if it's just spreading the inventory From the tone, it's clear—another game of options trading.

View OriginalReply0

rugged_again

· 01-04 20:22

Still the same upgrade expectations, just waiting, with an 85% chance of failure.

View OriginalReply0