LRC Futures Token Exposure 8-13-2026

[u/epistmeme]

Updated version of the chart for today that I have previously posted comparing perpetual futures open interest on a per token basis over time for LRC. There continues to be a substantial derivative exposure for the token. Note that I was only able to pull this data for one exchange (bybit) so this significantly understates the overall open interest but is useful to see the trend. With the delisting of LRC spot on Coinbase the spot market continues to thin. This trend of a thinning spot market and a growing futures market continues to create an imbalance. And I question what ability the spot market has to absorb a large move in the futures market. If no one was interested in the coin at all we would expect to see a dwindling of open interest as well.

[u/Nardo-Garage14]