MAGMAUSDT 1 hourly decline 12.9%, Binance open interest fell to 16600000 USD
BIBIBI
AT A GLANCE
The monitoring post stated that MAGMAUSDT over the past 3600 seconds, the price fell 12.9%, while Binance open interest fell to 12.8%。
Article
🇨🇳 🔻 [MAGMAUSDT] Binance open interest -12.8%; price fell 12.9% over the past 3600 seconds; open interest: 16600000 USD; open interest-to-market capitalization ratio: 15.9%; 24-hour price change: +32.0%
🇺🇸 🔻 [MAGMAUSDT] Binance openinterest -12.8%, Price -12.9% in the past 3600 seconds, OI: $16.6M, OI/Marketcap ratio: 15.9%, 24H Price Change: +32.0%
💰 Market Cap
MAGMA MarketCap: 103.8M
Key points
01
MAGMAUSDT Over the past 3600 seconds, the price fell 12.9%。
02
Binance open interest decreased 12.8%, to 16600000 USD。
03
The open interest-to-market capitalization ratio was 15.9%.
04
MAGMAUSDT The 24-hour price change was +32.0%。
05
MAGMA The market capitalization was 103800000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
These data indicate that MAGMAUSDT the price and Binance open interest both declined over a short period; however, on a 24-hour basis, the price is still up 32.0%. Open interest is the total amount of unsettled contract positions.
Why it matters to readers
The simultaneous decline in price and open interest is noteworthy because it indicates that, during the short-term price drop, contract positions that had not yet been settled were also decreasing.
Beginners should distinguish between “a decline over the past 3600 seconds 12.9%” and “a 24-hour increase 32.0%”, which represent two different time frames, and avoid judging the trend based on just one number.
Risks and unknowns
The data come from a single monitoring post and lack independent cross-validation.
The original text does not specify the data collection method, the exact statistical start and end times, or the price benchmark.
The original text does not provide trading volume, funding rates, or other market data.
These data alone cannot confirm the subsequent price direction.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.