$XMR broke above the 30-day high of 629.93, with trading volume at 2.7 times the 20-day average. The current price is 629.82, up 4.21% over 24 hours. With no news to drive the move, 24-hour futures open interest surged 24.7% to $76.9M, and the funding rate climbed to +0.0739%. My first thought is that highly leveraged longs are aggressively pushing the price up. Longs are paying too much to hold their positions, and the current price has already slipped below the 629.93 breakout level—chasing the rally could mean getting burned by the funding rate.

#今日强势币 #XMR