Monero open interest figures diverge sixfold: $351M versus $2.16B
- —XMR fell from $653.71 to $606.80, with a daily range of $588.46–$653.71 (11.1%)
- —The BTSE contract accounts for 83.7% of total open interest on just $575,014 of daily turnover
- —Excluding the outlier, open interest is $351.36 million, or 579,039 XMR (3.08% of supply)
- —Hyperliquid, Binance and Bybit hold 60.4% of the adjusted open interest
Why it matters: The sixfold gap in open interest data distorts leverage readings in XMR, where a decentralized venue is now the largest futures market.
Source: CryptoTicker