SOPHUSDT past 1 hours, while Binance open interest increased 21.0%, Binance open interest increased 8.8%
BIBIBI
AT A GLANCE
SOPHUSDT past 3600 seconds, the price fell 21.0%, while Binance open interest increased 8.8%。
Article
🇨🇳 🔻 [SOPHUSDT] Binance open interest +8.8%; price fell 21.0% over the past 3600 seconds; open interest: 4200000 USD; open interest-to-market capitalization ratio: 34.0%; 24-hour price change: -0.4%
🇺🇸 🔻 [SOPHUSDT] Binance openinterest +8.8%, Price -21.0% in the past 3600 seconds, OI: $4.2M, OI/Marketcap ratio: 34.0%, 24H Price Change: -0.4%
💰 Market Cap
SOPH MarketCap: 12.4M
Key points
01
SOPHUSDT past 3600 seconds, the price fell 21.0%。
02
Binance open interest increased 8.8%, reaching 4200000 USD。
03
The open interest-to-market capitalization ratio was 34.0%.
04
SOPH with a market capitalization of 12400000 USD。
05
24 The hourly price change was -0.4%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the total amount of unsettled contract positions. Here, the price fell sharply over a short period while open interest increased at the same time, indicating that more contract positions remained in or entered the market during the intense volatility; however, these data alone cannot determine whether the new positions were primarily long or short.
Why it matters to readers
A sharp price fluctuation over a short period, accompanied by rising open interest, means that traders should pay attention to leverage risks in the derivatives market and subsequent price changes.
Beginners should view this as a volatility risk warning rather than a clear buy or sell signal; price and open interest alone cannot confirm the market's next direction.
Risks and unknowns
The source text does not indicate whether the increase in open interest came from long or short positions.
The source text does not provide funding rate, trading volume, or liquidation data.
The source text does not explain the statistical methodology or whether the subsequent price recovered.
24 hourly decline -0.4%past 3600 second decline 21.0%The relationship between the statistical definitions of the hourly decline and the decline over the past seconds is not specified.
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Related concepts
Open Interest
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