Binance SOLUSDT Open interest rises 2.1%,1 Hourly price falls 2.6%
BIBIBI
AT A GLANCE
Binance SOLUSDT increased its open interest when the price fell 2.1%to 892900000 USD。
Article
🇨🇳 🔻 [SOLUSDT] Binance open interest +2.1%; price fell 2.6% over the past 3600 seconds; open interest: 892900000 USD; open interest-to-market capitalization ratio: 1.4%; 24-hour price change: -1.8%
🇺🇸 🔻 [SOLUSDT] Binance openinterest +2.1%, Price -2.6% in the past 3600 seconds, OI: $892.9M, OI/Marketcap ratio: 1.4%, 24H Price Change: -1.8%
Key points
01
Binance SOLUSDT increased its open interest 2.1%。
02
The past 3600 seconds,SOLUSDT saw the price fall 2.6%。
03
Open interest was 892900000 USD.
04
The open interest-to-market capitalization ratio was 1.4%.
05
24 The hourly price change was -1.8%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This data indicates that, during the same measurement interval as the SOLUSDT price decline 2.6%, Binance's open interest instead increased by 2.1%. Open interest is the total amount of unsettled contracts, but these figures alone cannot determine whether the newly added positions primarily bet on prices rising or falling.
Why it matters to readers
Price changes and changes in open interest can help indicate whether activity in the derivatives market is heating up; however, this information only explicitly provides data from Binance SOLUSDT and cannot independently confirm the subsequent price direction.
Beginners can understand it this way: the price is falling, but more contract positions remain in the market. Do not equate an increase in open interest directly with a bullish or bearish outlook.
Risks and unknowns
The original text does not specify whether the increase in open interest came from longs or shorts.
The original text does not provide data from other exchanges.
The original text does not specify how the data was verified.
These data cannot independently confirm SOLUSDT the subsequent trend.
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Related concepts
Open Interest
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