Stellar (XLM) Open Interest Sinks 11.79% as $465 Million in Crypto Positions Are Liquidated in 2026
During Wednesday's Asia and U.S. trading sessions in early 2026, the crypto market saw a sharp sell-off that wiped out over $465 million in positions and pushed Stellar (XLM) down nearly 5%. XLM's futures open interest dropped 11.79% in the last 24 hours to $142.74 million, while its price pulled back after an earlier rally above the daily MA 50 at $0.232. Although XLM faces profit taking after rising from $0.229 to $0.254, overall crypto futures open interest still sits above $143 billion with slightly positive funding rates.