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) Liquidation Event appeared first on BeInCrypto.
Key Takeaways
- 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.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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