
Skew Δ|Sep 09, 2025 08:46
One of the few schemes that occurs annually in crypto
MYX is the token of focus here & as of lately
Traded pretty normally between 2 & 4
Where things get questionable is the targeted squeeze which sends the token 100% higher from 4 -> 8K
Clearly in the aftermath of that move some liquidity provider or MM got massive carried out, especially with sizeable liquidations that occurred
Commonly occurs when delta neutral strats fail & blow up
Since then the token has consequently moved up 166% or 2.6x without resistance or competition meaning one party currently controls a large % of that token & market
Notable metric from here is volumes, since high volumes are required to sustain huge moves like this without volumes thin liquidity & wide spreads becomes an issue for getting out especially when a large % of the token is controlled by one party
Will be interesting to see what happens next(Skew Δ)
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