Monero Futures Open Interest Tops $300 Million as Leverage Builds
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Monero is trading above $600 as futures open interest exceeds $300 million, echoing conditions seen before January's crash, according to CoinDesk.
Monero's price has moved back above $600 while open interest in its futures market has surpassed $300 million, CoinDesk reported.
The renewed buildup in leveraged positions raises the risk of sharper price swings. Open interest measures the value of outstanding futures contracts, rather than trading volume.
CoinDesk noted that a similar combination of price strength and elevated leverage appeared before January's crash. The resemblance highlights volatility risks but does not establish that another decline will follow.
Source: CoinDesk
