ZECUSDT Over the past 1 hours, fell by 5.7%, while Binance open interest declined by 5.5%
BIBIBI
AT A GLANCE
ZECUSDT On Binance, the price and open interest declined simultaneously.
Article
🇨🇳 🔻 [ZECUSDT] Binance open interest -5.5%; price fell 5.7% over the past 3600 seconds; open interest: 544700000 USD; open interest-to-market capitalization ratio: 2.4%; 24-hour price change: -2.9%
🇺🇸 🔻 [ZECUSDT] Binance openinterest -5.5%, Price -5.7% in the past 3600 seconds, OI: $544.7M, OI/Marketcap ratio: 2.4%, 24H Price Change: -2.9%
💰 Market Cap
ZEC MarketCap: 22.5B
Key points
01
Over the past 3600 seconds,ZECUSDT the price fell by 5.7%。
02
Binance ZECUSDT open interest decreased 5.5%, at 544700000 USD。
03
The open interest-to-market capitalization ratio was 2.4%.
04
ZEC 24 hourly price change was -2.9%, with a market capitalization of 22500000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest can be understood as the size of contracts that have not yet been closed. A simultaneous decline in price and open interest indicates that price weakness was observed and the size of some contracts decreased, but these data alone cannot determine the subsequent trend.
Why it matters to readers
This set of data can help observe ZEC short-term price changes and derivatives market participation.
Beginners can first understand this as: the price is falling, while the size of positions in the derivatives market is also decreasing.
Risks and unknowns
The information comes from the provided monitoring channel; no original Binance exchange data link was found.
The reason for the decline or the future trend cannot be confirmed based on this data point alone.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.