Markets· ★★★· bearish·

Monero falls 5.1% as record open interest raises liquidation risk

  • —XMR fell 5.1% in 24 hours; ZEC rose 9.8% and BTC gained 0.9%
  • —Open interest in XMR sits at a record, signaling an over-leveraged market
  • —Key supports at $484 and $438; a sweep of $513–$520 could offer entries
  • —ZachXBT: 87% of FreedomXMR inflows tied to illicit activity
Why it matters: Record open interest makes XMR vulnerable to a liquidation cascade if the $600 support fails.
#XMR#ZEC#BTC
Source: AMBCrypto
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