Monero futures are again heating with leverage, raising volatility risks
Open interest has topped $300 million and price is back above $600. A similar setup was seen before January's crash.
Monero futures are experiencing a surge in leveraged bets, intensifying price volatility risks. Monero, known for its privacy-focused transactions, holds a $10.9 billion market capitalization, making it the second-largest privacy coin globally. The amount of open interest, or the dollar value of active monero futures contracts, has surpassed $300 million, nearing the January peak of $320 million, according to SoSoValue data.
This level of open interest has only been reached a few times before, all in 2026. A prominent crypto analyst, Doctor Profit, warned of a potential significant liquidation event in XMR, following Monero's 66% crash within 20 days after the last record-high open interest in January 2026. As traders use leverage to amplify gains, liquidations become more likely when the market moves against their positions, adding to selling pressure and potentially causing price crashes.
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