Monero Jumps 13% as XMR Open Interest Climbs to $371M
- —XMR funding rate rose 21.8x, from 0.0022% to 0.0480%
- —Open interest climbed by over $86 million to roughly $371 million
- —CoinMarketCap sentiment indicator stood at 1.64 on a -10 to 10 scale
- —Liquidation clusters sit mostly below the current XMR price
Why it matters: Elevated funding makes longs expensive, so any loss of momentum could trigger forced liquidations and a sharp XMR pullback.
Source: Cryptonews.net