Doctor Profit Warns of a Very Big Monero (XMR) Liquidation Event

On October 21, 2026, trader Doctor Profit warned on X that Monero futures open interest near $287 million could cause a large XMR liquidation event, citing January’s crash. CoinGlass data show open interest measures outstanding futures and perpetual contracts, with higher readings meaning more leveraged positions at risk. The data only partly supports him: dollar open interest is below January’s $305m peak and a later >$320m high, though price-adjusted positions are about 496,000 XMR, above January’s 400,000 but below September’s. In January XMR jumped from $459 to nearly $783 before sliding to $286 by Feb 6; it traded at $578 at press time, with $338,000 liquidated in the past day.