Binance SPCXUSDT 1 Hourly price rises 2.3%, while open interest declines 5.4%
BIBIBI
AT A GLANCE
SPCXUSDT Over the past 3600 seconds, the price rose 2.3%, while Binance open interest declined 5.4%。
Article
🇨🇳 🟢 [SPCXUSDT] Binance open interest -5.4%; price rose 2.3% over the past 3600 seconds; open interest: 355300000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: +1.8%
🇺🇸 🟢 [SPCXUSDT] Binance openinterest -5.4%, Price +2.3% in the past 3600 seconds, OI: $355.3M, OI/Marketcap ratio: 0.0%, 24H Price Change: +1.8%
SPCX
Key points
01
SPCXUSDT Over the past 3600 seconds, the price rose 2.3%。
02
Binance SPCXUSDT open interest declined 5.4%。
03
Open interest was 355300000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
24 The hourly price change was +1.8%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest refers to the total number of contract positions that remain unsettled. This monitoring data indicate that open interest decreased while the price rose; the original text does not specify whether the position reduction came from longs or shorts, nor does it state the subsequent price direction.
Why it matters to readers
Concurrent changes in price and open interest can be used to observe whether positions in the derivatives market are expanding or contracting, but this data set alone is insufficient to determine the cause of the increase or predict the trend.
Beginners can understand this as follows: the price rose in the short term, but the total number of contract positions remaining in the market declined. Do not make trading decisions based on this indicator alone.
Risks and unknowns
The original text does not provide a Binance primary data interface or independent cross-verification.
This data set cannot confirm whether the decline in open interest resulted from short covering, long position closures, or other activity.
The original text does not provide trading volume, funding rate, or liquidation data.
The open-interest-to-market-capitalization ratio is 0.0%; its calculation methodology and precision are not specified.
The subsequent price direction cannot be determined from this time window alone.
Related Developments
Loading event timeline…
Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.