TURTLEUSDT rose by 12.4% over the past 1 hour, while Binance open interest increased by 15.2% to 2200000 USD
BIBIBI
AT A GLANCE
TURTLEUSDT The price and open interest are rising simultaneously, but continued caution is warranted.
Article
🇨🇳 🟢 [TURTLEUSDT] Binance open interest +15.2%; price rose 12.4% over the past 3600 seconds; open interest: 2200000 USD; open interest-to-market capitalization ratio: 16.7%; 24-hour price change: +10.5%
🇺🇸 🟢 [TURTLEUSDT] Binance openinterest +15.2%, Price +12.4% in the past 3600 seconds, OI: $2.2M, OI/Marketcap ratio: 16.7%, 24H Price Change: +10.5%
💰 Market Cap
TURTLE MarketCap: 12.9M
Key points
01
Binance reported TURTLEUSDT an increase in open interest 15.2%。
02
In the past 3600 seconds,TURTLEUSDT the price increased by 12.4%。
03
TURTLEUSDT Open interest was 2200000 USD。
04
The open interest-to-market capitalization ratio was 16.7%.
05
TURTLEUSDT In the past 24 hours, the price increased by 10.5%。
06
TURTLE The market capitalization was 12900000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the size of contracts that have not yet been closed. Here, the simultaneous increase in price and this indicator shows that both market activity and contract positions increased during the monitoring period.
Why it matters to readers
The price increase was accompanied by an increase in open interest, which may indicate that short-term market participation and leveraged positions are increasing, but this information cannot confirm whether the uptrend will continue.
Beginners can understand it as follows: the price is rising while open positions in the derivatives market are also increasing; this usually means that both volatility and risk warrant attention.
Risks and unknowns
The evidence comes from a single monitoring source and does not provide original exchange data for independent verification.
The evidence does not indicate whether the price and open interest will continue to rise.
The evidence does not indicate the specific direction of these contract positions.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.