Re: [XMR] Monero Speculation

Quote from: Hueristic on April 28, 2022, 04:54:05 PM

Quote from: tokeweed on April 28, 2022, 01:00:19 PM

As expected... But here's the thing, open interest in XMR perps is a tad more than double compared to its May 2021 highs.

You guys can check it out here: https://www.coinglass.com/BitcoinOpenInterest

Binance leads the way followed by newcomer FTX then OKex then a few other exchanges. And I think the accusation that Binance is doing some sort of naked shorting on XMR is wrong. They could do it 'legally' through perps and won't have any repercussions. No need to sell coins they don't have.

I think your high.

Lol. Not as high as those people who actually think that Binance is naked shorting XMR, that's for sure. That's the thing with perps, Binance or some other exchange don't really need to 'naked short' anything. All the can do is short the perps with leverage and push the price down in spot. And it's easily done with how much liquidity Binance controls and how mostly low XMR's overall liquidity is