ERAUSDT Past 1 hours increased 16.1%, Binance open interest increased 10.5%to 7100000 USD
BIBIBI
AT A GLANCE
ERAUSDT Short-term price and open interest are rising together, which may indicate increased leveraged trading activity.
Article
🇨🇳 🟢 [ERAUSDT] Binance open interest +10.5%; price rose 16.1% over the past 3600 seconds; open interest: 7100000 USD; open interest-to-market capitalization ratio: 20.9%; 24-hour price change: +30.7%
🇺🇸 🟢 [ERAUSDT] Binance openinterest +10.5%, Price +16.1% in the past 3600 seconds, OI: $7.1M, OI/Marketcap ratio: 20.9%, 24H Price Change: +30.7%
💰 Market Cap
ERA MarketCap: 34M
Key points
01
Binance open interest increased by 10.5%.
02
past 3600 seconds, the price rose 16.1%。
03
Open interest was 7100000 USD.
04
The open interest-to-market capitalization ratio was 20.9%.
05
24-hour price change was +30.7%。
06
ERA Market capitalization was 34000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest represents the size of contracts that remain held. When the price and open interest rise simultaneously, this indicates that both the size of positions in the derivatives market and the price increased during this period, but it does not mean that the price will necessarily continue to rise.
Why it matters to readers
Open interest is relatively high compared with market capitalization; when the price rises rapidly, both subsequent volatility and pullbacks warrant attention.
Beginners should note that an increase in contract positions may be accompanied by higher volatility and does not constitute a definitive buy signal.
Risks and unknowns
The evidence does not provide verification against independent raw data from the exchange.
Trading volume, funding rates, and liquidation data were not provided.
It is not possible to determine from these data alone whether the rise will continue.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.