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MAGIC The price and open interest increased simultaneously in the short term.
🇨🇳 🟢 [MAGICUSDT] Binance open interest +21.4%; price rose 14.5% over the past 3600 seconds; open interest: 5600000 USD; open interest-to-market capitalization ratio: 22.3%; 24-hour price change: +21.2% 🇺🇸 🟢 [MAGICUSDT] Binance openinterest +21.4%, Price +14.5% in the past 3600 seconds, OI: $5.6M, OI/Marketcap ratio: 22.3%, 24H Price Change: +21.2%
💰 Market Cap MAGIC MarketCap: 25M
MAGICUSDT On Binance, over the past 3600-second price increased 14.5%。
MAGICUSDT On Binance, open interest increased 21.4%, at 5600000 USD。
The open interest-to-market capitalization ratio was 22.3%.
MAGIC 24-hour price change was +21.2%, with a market cap of 25000000 USD。
The following is analysis, separate from reported facts. Verify important claims independently.
The data shows that MAGIC the short-term price increased on Binance while open interest also increased. Open interest is the total amount of futures contracts that have not yet been closed; an increase usually indicates that more contracts remain open in the market, but these data alone cannot determine the subsequent price direction.
The price rose rapidly while derivatives open interest increased in tandem, indicating notable changes in the asset's current trading data; however, this may also be accompanied by higher volatility and should not be viewed as a buy signal on its own.
Beginners should distinguish between a price increase and an increase in open interest: the former reflects a price change, while the latter reflects the size of open positions; neither guarantees that the price will continue to rise.
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View glossary →A metric for the total value of currently tradable tokens calculated at current prices.
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