Monero futures open interest tops $300 million, raising liquidation risk
- —XMR futures open interest topped $300 million, near January's ~$320 million peak
- —Coin-denominated OI rose to 515,730 XMR, a five-week high
- —Monero's spot price recently climbed above $600
- —In January, a similar OI buildup preceded a 66% drop over 20 days
Why it matters: Crowded longs raise the odds of cascading liquidations and a sharp XMR sell-off on even a modest price pullback.
Source: CoinDesk