$XMR Pushes Past $600 as Futures Leverage Nears January's Peak
+12.4% → best run in months, XMR trades at $618, its highest since January
$300M → futures open interest, close to January's ~$320M peak (SoSoValue)
-66% → the drop from $790 to under $300 in 20 days the last time leverage got this crowded
The rally is real but leverage-driven, and I'm bearish near term. Expect XMR to pull back toward $595 support while it stays below $625. Not financial advice, DYOR.
$XMR
+12.4% → best run in months, XMR trades at $618, its highest since January
$300M → futures open interest, close to January's ~$320M peak (SoSoValue)
-66% → the drop from $790 to under $300 in 20 days the last time leverage got this crowded
The rally is real but leverage-driven, and I'm bearish near term. Expect XMR to pull back toward $595 support while it stays below $625. Not financial advice, DYOR.
$XMR