Binance XLM futures open interest drops 12.1% in 24 hours
- —Binance XLM/USDT perpetual open interest at $31 million, down 12.1% in 24 hours
- —Futures price at $0.1656, down 1.2% on the day
- —Spot XLM at $0.1659 trades below its 3-, 5-, 10- and 21-day moving averages
- —The OI decline alone does not show whether longs or shorts were closed
Why it matters: Falling open interest signals traders exiting XLM futures, thinning liquidity and raising the risk of sharper price swings.
Source: TokenPost