Monero futures are again heating with leverage, raising volatility risks
Open interest has topped $300 million and price is back above $600. A similar setup was seen before January’s crash.
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Resumo
- Monero futures open interest has surpassed $300 million, nearing January’s record of about $320 million and increasing the risk of a sharp, liquidation-driven price move.
- Open interest has also climbed to a five-week high of 515,730 XMR as monero’s spot price recently topped $600, suggesting leveraged bets are growing alongside the rally.
- A similar buildup in January preceded a 66 percent plunge, when monero fell from about $790 to below $300 as long positions were forcibly closed.
