Although XMR was 72.47% down from its all-time high, the privacy coin stillat $148.57. Due to the stirring performance, one would expect that traders would look towards XMR for quick gains. Monero has been one of those coins which mostly exhibited minimal volatility. Hence, it has been difficult for traders to look in its way.This data confirmed that traders changed their minds.
In the case where the futures and open interest sustain these levels, XMR could repeat the feat in the next thirty days., shorts were the most affected. Data from the derivatives information portal showed that over $45,000 has been exterminated by traders in the last 24 hours. Liquidations accounted for by long-positioned traders were almost at zero. Surprisingly, this has happened despite XMR’s minimal 1.31% increase within the same period.