Monitoring indicates that MAGMAUSDT over the past 3600 seconds, it rose 55.9%, while Binance open interest declined 10.0%。
Article
🇨🇳 🟢 [MAGMAUSDT] Binance open interest -10.0%; price rose 55.9% over the past 3600 seconds; open interest: 8000000 USD; open interest-to-market capitalization ratio: 15.5%; 24-hour price change: -13.7%
🇺🇸 🟢 [MAGMAUSDT] Binance openinterest -10.0%, Price +55.9% in the past 3600 seconds, OI: $8.0M, OI/Marketcap ratio: 15.5%, 24H Price Change: -13.7%
💰 Market Cap
MAGMA MarketCap: 64.4M
Key points
01
MAGMAUSDT Over the past 3600 seconds, the price rose 55.9%。
02
Binance open interest decreased by 10.0%.
03
Open interest was 8000000 USD.
04
The open interest-to-market capitalization ratio was 15.5%.
05
24-hour price change was -13.7%。
06
MAGMA Market capitalization was 64400000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This data set simultaneously shows a sharp short-term price increase and a decline in open interest, but 24-hour price was still down. Open interest is the total amount of unsettled contract positions; its decline only indicates that unsettled positions decreased, and the original text does not specify the reason.
Why it matters to readers
Price, contract positions, and 24-hour performance moved in different directions over a short period, indicating that MAGMAUSDT has experienced notable abnormal movements and warrants continued observation of subsequent price and open interest.
Beginners should not judge the overall trend based solely on short-term gains; here, over the past 3600 seconds, the price increased 55.9%, but 24-hour price was still down 13.7%。
Risks and unknowns
The data come from a single monitoring message. The original text does not provide a link to Binance's underlying data, so the figures cannot yet be independently verified.
The specific reason for the decline in open interest cannot be confirmed from the original text.
The original text does not state whether the price anomaly is related to liquidity, liquidations, or other events.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.