Doctor Profit warns of large XMR liquidation event
Current overview (not historical)
Trader Doctor Profit warns that Monero (XMR) futures open interest near $287 million could trigger a large liquidation event. According to CoinGlass, current open interest is near $287 million, lower than the $320 million peak in January, but XMR contract holdings have surpassed the January peak by 496,000 units. While XMR price rose from $378 in August to $605, only $338,000 in 24-hour liquidations occurred, indicating liquidity risk as a warning signal rather than a confirmation of imminent clearing.
Written with AI from the reporting · updated 10/21/2026
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- 1Unclassified fact stationOct 21, 00:00recorded Oct 21, 18:44single source
Doctor Profit warns of large XMR liquidation event
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- Subject:
- Doctor Profit
- Action:
- warns of large XMR liquidation event
- Object:
- Monero (XMR) futures open interest
- Occurred (fact side):
- Oct 21, 00:00
- Published (valid side):
- Oct 21, 18:11
- First seen (known side):
- Oct 21, 18:44
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- BeInCryptoRelated fact: single sourceDoctor Profit Warns Monero Open Interest Near $287 Million Could Trigger Liquidation Event
Report first recorded Oct 21, 18:44
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.
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