Monero $XMR Futures Open Interest Surpasses $300 Million
Monero’s futures open interest has exceeded $300 million, approaching January’s record high of $320 million. A similar surge in leveraged positions preceded a 66% price drop, when XMR fell from around $790 to below $300. With XMR trading above $600, rising leverage increases the risk of sharp volatility and liquidations in either direction. Traders should closely monitor open interest, funding rates, and liquidation data #btc #eth #fet
Monero’s futures open interest has exceeded $300 million, approaching January’s record high of $320 million. A similar surge in leveraged positions preceded a 66% price drop, when XMR fell from around $790 to below $300. With XMR trading above $600, rising leverage increases the risk of sharp volatility and liquidations in either direction. Traders should closely monitor open interest, funding rates, and liquidation data #btc #eth #fet