SKDDUSDT Past 1-hour decline 10.3%, Binance open interest increased 16.8%to 1200000 USD
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AT A GLANCE
SKDDUSDT Over the past 3600 seconds, it fell 10.3%, while Binance open interest increased 16.8%to 1200000 USD。
Article
🇨🇳 🔻 [SKDDUSDT] Binance open interest +16.8%, over the past 3600 seconds, the price fell 10.3%, open interest: 1200000 USD, open interest/market capitalization ratio: N/A, 24-hour price change: -23.8% 🇺🇸 🔻 [SKDDUSDT] Binance openinterest +16.8%, Price -10.3% in the past 3600 seconds, OI: $1.2M, OI/Marketcap ratio: N/A, 24H Price Change: -23.8%
Key points
01
SKDDUSDT Over the past 3600 seconds, the price fell 10.3%。
02
Binance open interest increased by 16.8%.
03
Open interest was 1200000 USD.
04
The open interest-to-market capitalization ratio was N/A.
05
24-hour price change: -23.8%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
When the price declines significantly while open interest increases, it indicates that the number of unsettled contract positions has grown. However, the source text does not specify the direction of the new positions, so it cannot be determined whether longs or shorts are increasing.
Why it matters to readers
The simultaneous rapid price decline and increase in open interest indicate that participation in the futures market is increasing, and short-term volatility warrants attention.
Beginners should treat this type of data as a volatility alert rather than a direct buy or sell signal; an increase in open interest alone cannot indicate whether the price will rise or fall next.
Risks and unknowns
The source text does not provide a link to the exchange's raw data or a verification method.
It is not specified whether the new contract positions are long or short.
The open interest/market capitalization ratio is unavailable.
The reasons for the price decline and increase in open interest are unknown.
Future price movements, open interest, and liquidation conditions are unknown.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.