Bearish
Stellar (XLM) Price Drops 5% Amid 11% Decline in Open Interest
In the past 24 hours, Stellar (XLM) experienced a 5% price decline, coinciding with an 11% drop in open interest, indicating potential profit-taking and reduced market confidence.
Key points
- XLM's price fell nearly 5% in the last 24 hours, extending Tuesday's decline.
- Open interest for XLM decreased by 11.79% to $142.74 million, suggesting profit-taking.
- The broader crypto market saw over $465 million in liquidations, with longs accounting for over 50% of the figure.
Sources
AI-generated from public news sources. Not financial advice.
