FORMUSDT rose 27.4% over 1 hour, while Binance open interest increased 11.6%
BIBIBI
AT A GLANCE
The FORMUSDT price rose 27.4% over the past 3600 seconds, while Binance open interest increased 11.6%.
Article
🇨🇳 🟢 [FORMUSDT] Binance open interest +11.6%; price rose 27.4% over the past 3600 seconds; open interest: 14100000 USD; open interest-to-market capitalization ratio: 13.3%; 24-hour price change: +36.0%
🇺🇸 🟢 [FORMUSDT] Binance openinterest +11.6%, Price +27.4% in the past 3600 seconds, OI: $14.1M, OI/Marketcap ratio: 13.3%, 24H Price Change: +36.0%
Key points
01
FORMUSDT Binance open interest increased by 11.6%.
02
The FORMUSDT price rose 27.4% over the past 3600 seconds.
03
Open interest was 14100000 USD.
04
The open interest-to-market capitalization ratio was 13.3%.
05
The 24-hour price change was +36.0%.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The data indicate that the FORMUSDT price and Binance open interest rose together during the stated period. Open interest is the scale of contracts not yet settled; the open interest-to-market capitalization ratio compares that scale with market capitalization.
Why it matters to readers
The notable simultaneous changes in price and open interest show substantial recent movement in the trading pair’s derivatives data and are worth monitoring.
Beginners can treat this as an alert about market activity and price changes, but the figures alone cannot show that the price will continue to rise.
Risks and unknowns
The source does not state the statistical method or accuracy of the data.
The source does not state the full name of the project corresponding to FORMUSDT.
These data alone cannot confirm the subsequent price direction.
The specific reason for the increase in open interest is unknown.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.