Monero futures are again heating with leverage, raising volatility risks
Summary
Monero futures open interest has climbed above $300 million, nearing its January peak, while coin-denominated open interest rose to 515,730 XMR from 400,000 a week earlier. The buildup alongside a price rise above $600 may increase the risk of forced liquidations if prices turn lower. In January, crowded leveraged positions preceded a fall from about $790 to below $300, with millions of dollars in long positions liquidated. Whether the current setup leads to a similar reversal is uncertain.
