$MYX should have big players clearing their positions at once, but without sufficient demand, the average closing price isn't high, and they are likely losing money. I've never seen such a sell-off; it’s also possible that they opened other positions simultaneously and got liquidated.
$ETH 4 May should be the calm before the storm, the last push, quickly resolving the positions, and then falling into the abyss. The US and Iran cannot completely cease fire.