Doctor Profit Warns of a Very Big Monero (XMR) Liquidation Event
Monero (XMR) futures open interest stands near $287 million, according to CoinGlass, and trader Doctor Profit warns that this leverage could trigger a large XMR liquidation event. He ties the setup to January, when a similar build-up preceded a steep crash. The data only partly backs his call. In dollar terms, current open interest trails The post Doctor Profit Warns of a Very Big Monero (XMR)…
Trader Doctor Profit warns that Monero's roughly $287 million in futures open interest could set up a large liquidation event, comparing it to a similar build-up that preceded a steep crash in January. The article notes the data only partly supports his call, since current open interest in dollar terms trails the earlier episode. Traders should watch XMR leverage and funding for signs of a forced deleveraging, though the warning is one analyst's view rather than confirmed market stress.
