Binance XRPUSDT 1 Hourly price and open interest both rise 2.1%
BIBIBI
AT A GLANCE
Monitoring indicates that XRPUSDT over the past 3600 seconds, both the price and Binance open interest rose 2.1%。
Article
🇨🇳 🟢 [XRPUSDT] Binance open interest +2.1%; price rose 2.1% over the past 3600 seconds; open interest: 500700000 USD; open interest-to-market capitalization ratio: 0.5%; 24-hour price change: +2.1%
🇺🇸 🟢 [XRPUSDT] Binance openinterest +2.1%, Price +2.1% in the past 3600 seconds, OI: $500.7M, OI/Marketcap ratio: 0.5%, 24H Price Change: +2.1%
Key points
01
XRPUSDT over the past 3600 seconds, the price rose 2.1%。
02
Binance open interest increased by 2.1%.
03
Open interest was 500700000 USD.
04
The open interest-to-market capitalization ratio was 0.5%.
05
24 The hourly price change was +2.1%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest refers to the size of contracts that have not yet been settled. The source text shows that open interest increased as the price rose, indicating that the amount of unsettled contract positions increased at that time; however, these data alone cannot show whether the newly added positions were primarily long or short.
Why it matters to readers
Simultaneous changes in price and open interest can be used to observe participation in the short-term derivatives market. However, these indicators alone cannot confirm whether the market trend will continue, nor can they determine traders’ specific position directions.
Beginners can treat this as a short-term market data alert rather than a trading signal. It is also important to note that the data came from a monitoring channel, and the source text did not provide original exchange data that could be independently verified.
Risks and unknowns
The source text did not provide a link to Binance’s original data, and the relevant figures have not yet been independently verified.
The long/short direction of newly added positions cannot be determined solely from the increase in open interest.
The source text did not specify the starting point used to calculate the price increase or the specific price.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.