SPCXUSDT Past 1-hour decline 2.1%, Binance open interest increased 4.4%to 554500000 USD
BIBIBI
AT A GLANCE
SPCXUSDT Open interest increased as the price declined, warranting attention to short-term volatility risk.
Article
🇨🇳 🔻 [SPCXUSDT] Binance open interest +4.4%; price fell 2.1% over the past 3600 seconds; open interest: 554500000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: -1.8%
🇺🇸 🔻 [SPCXUSDT] Binance openinterest +4.4%, Price -2.1% in the past 3600 seconds, OI: $554.5M, OI/Marketcap ratio: 0.0%, 24H Price Change: -1.8%
SPCX
Key points
01
Binance data shows that SPCXUSDT open interest increased 4.4%。
02
Past 3600 seconds,SPCXUSDT price declined 2.1%。
03
SPCXUSDT Open interest was 554500000 USD。
04
SPCXUSDT The open interest-to-market capitalization ratio was 0.0%。
05
SPCXUSDT 24-hour price change was -1.8%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
An increase in open interest indicates that the scale of contract positions in the market has expanded; at the same time, the price declined, indicating that the price and position changes moved in opposite directions. This data alone cannot determine whether the newly added positions are primarily long or short.
Why it matters to readers
The price decline and increase in open interest occurred simultaneously, and subsequent changes in price and positions may bring higher short-term volatility and liquidation risks.
Beginners can understand open interest as the scale of contracts that have not yet been closed, but it cannot alone indicate whether the market is bullish or bearish.
Risks and unknowns
The evidence does not indicate whether the newly added positions are primarily long or short.
The evidence does not provide data on concentrated liquidations or funding rates.
The evidence shows only one monitoring data point and does not provide an independent exchange page or other corroborating evidence.
Related Developments
Loading event timeline…
Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.