Recently, the MYX market has shown a disturbing trend. Trading data indicates that within just two days, the open interest plummeted from 30 million to 6 million, a decrease of up to 5 times. This phenomenon has attracted widespread attention and speculation from market participants.

The analysis suggests that the main reason for this situation may be that large holders have already exited in advance. Some viewpoints indicate that the major funds holding long positions may have quietly left the market, while the expected opening of short positions has not occurred. This has left investors hoping to "buy on dips" in a difficult situation.

It is worth noting that the current market seems to be in a stalemate. The party holding the chips clearly has no intention of selling, which has directly led to a significant decline in market liquidity. For investors hoping to build positions at the current price levels, this is undoubtedly a severe challenge.

The current market conditions have left many investors feeling confused and worried. In this situation, it is advised that investors remain cautious, closely monitor market trends, rationally analyze risks, and avoid blindly following the crowd or taking reckless actions. At the same time, it is important to recognize the complexity and unpredictability of the market and to implement proper risk management and capital allocation.