Markets· ★★· neutral·

Monero nears $600 as futures open interest climbs to $198M

  • —Futures open interest stood at $198M, below the $208.8M peak on September 5
  • —Coin-denominated OI rose about 22% from October 15 to 20 as XMR gained 9%
  • —Seven-day average funding cooled to 0.9x its reference average from 2.7x in late September
  • —XMR traded between $570.44 and $625.37 in 24 hours; market cap near $11.22B
Why it matters: Leverage is rebuilding without overheating funding, so a close above $602 could target $630, while a breakdown risks a slide toward $520.
#XMR
Source: crypto.news
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