XMR Futures Liquidations Accelerate Rally

[lingriiddd]

Open interest in Monero futures on Bybit and Binance reached record levels this week, triggering $12 million in short liquidations.

Forced liquidations accelerated the rally as bearish positions were squeezed out, reinforcing XMR’s upward momentum. Analysts note that this type of capital rotation—investors moving from Zcash to other privacy coins—is a recurring theme in altcoin sector rallies.

The technical picture remains strong, with XMR breaking through the psychological $400 resistance after completing a multi-year “cup and handle” pattern.

[EmTeam]

Short squeeze doing its job — XMR momentum just got real.

[alex10]

Futures unwinding often mark the start of sustainable rallies.