MYX briefly rose to $8 due to forced liquidation of long orders by large investors, and then fell back to $6.3

MYX briefly surged to $8 after a large long order worth $4.78 million was liquidated, triggering a forced buy order that caused the price to skyrocket. This forced liquidation instantly reduced Binance Futures open interest by 6 million tokens, and the price subsequently fell back to $6.3.