Monero futures open interest hits $300 million, nearing January record amid rally

Monero futures open interest has surpassed $300 million, approaching the January peak of $320 million and reaching a five-week high of 515,730 XMR as the spot price recently topped $600. Leveraged bets are building alongside the price rally, raising the risk of a sharp, liquidation-driven price move similar to the 66 percent plunge in January when open interest hit a record high.