Doctor Profit Warns Monero Open Interest Near $287 Million Could Trigger 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. Current open interest trails two earlier peaks, although traders now hold more XMR in open contracts than in January. Adjusted for price, current positions equal about 496,000 XMR, exceeding the roughly 400,000 XMR open at January's peak but trailing the September high. The daily XMRUSDT perpetual chart on Binance shows a potential double top pattern with a neckline at $514.13; a daily close below it would confirm the pattern and project a measured target near $421.65.