Markets· ★★★· bearish· October 21, 17:11

Trader Doctor Profit warns of major Monero liquidation risk

—XMR open interest is about $287 million, below the January ($305M) and September ($320M) peaks
—Open contracts hold roughly 496,000 XMR versus 400,000 at the January peak
—XMR futures liquidations totaled only about $338,000 in the past 24 hours
—The daily XMRUSDT chart shows a possible double top with a neckline at $514.13

Why it matters: A break below $514 with heavy leverage could trigger a long squeeze and accelerate XMR's decline.