Monero futures positioning is approaching levels last seen in January. CoinDesk cites SoSoValue data showing $XMR open interest above $300 million, near January’s roughly $320 million peak. Open interest also reached about 515,730 XMR, a five-week high in coin terms. A separate CoinGlass check on October 21 showed approximately $297 million, illustrating how totals can differ across providers and observation times.
Open interest measures contracts that remain outstanding. It is not a measure of completed liquidations, realized trader losses or net buying. Rising dollar open interest can reflect both new positions and changes in the underlying asset’s price.
The January comparison is historical context, not evidence that another liquidation event is underway. No verified 1-hour, 4-hour or 24-hour marketwide liquidation total was available from CoinGlass during this review.
Open interest measures contracts that remain outstanding. It is not a measure of completed liquidations, realized trader losses or net buying. Rising dollar open interest can reflect both new positions and changes in the underlying asset’s price.
The January comparison is historical context, not evidence that another liquidation event is underway. No verified 1-hour, 4-hour or 24-hour marketwide liquidation total was available from CoinGlass during this review.