SNXXUSDT rises 4.3% in one hour, Binance open interest falls 11.3% to 34400000 USD
BIBIBI
AT A GLANCE
Monitoring reports that SNXXUSDT rose 4.3% over the past 3600 seconds, while Binance open interest fell 11.3% to 34400000 USD.
Article
🇨🇳 🟢 [SNXXUSDT] Binance open interest -11.3%; price rose 4.3% over the past 3600 seconds; open interest: 34400000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: -2.1%
🇺🇸 🟢 [SNXXUSDT] Binance openinterest -11.3%, Price +4.3% in the past 3600 seconds, OI: $34.4M, OI/Marketcap ratio: 0.0%, 24H Price Change: -2.1%
SNXX
Key points
01
SNXXUSDT's price rose 4.3% over the past 3600 seconds.
02
Binance open interest decreased by 11.3%.
03
Open interest was 34400000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
The 24-hour price change was -2.1%.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This data set indicates that the price rose over a short period, while the total volume of outstanding contract positions declined. It only describes price and contract data at the time of monitoring and cannot on its own prove the subsequent trend.
Why it matters to readers
Simultaneous changes in price and open interest can be used to observe whether market positioning is expanding or contracting, but this single data point is insufficient to determine whether the price will rise or fall next.
Beginners can understand open interest as the size of contracts in the market that have not yet been settled; they should continue to observe subsequent price and changes in this indicator, and should not make judgments based on a single monitoring reading alone.
Risks and unknowns
The original text does not provide a link to Binance raw data that can be independently verified.
The open interest/market capitalization ratio is shown as 0.0%, and its calculation method and precision are unclear.
This set of monitoring data alone cannot confirm the specific reason for the decline in open interest.
It is not possible to confirm the subsequent price direction of SNXXUSDT based on this.
Related Developments
Loading event timeline…
Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.