Open interest in Monero (XMR) futures stands at approximately $287 million, according to CoinGlass. Trader Doctor Profit warns that this level of leverage could trigger a large wave of liquidations. He compares the situation with January, when a similar buildup in positions preceded a steep crash. The cited data, however, only partly support his warning.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
