MAGICUSDT In the past 1 hours, the price rose 12.9%, while Binance open interest increased 10.2%

AT A GLANCE

MAGICUSDT Over the past 3600 seconds, the price rose 12.9%, and Binance open interest increased 10.2%, but 24 hours, the price remains down 3.7%。

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🇨🇳 🟢 [MAGICUSDT] Binance open interest +10.2%; price rose 12.9% over the past 3600 seconds; open interest: 13300000 USD; open interest-to-market capitalization ratio: 31.6%; 24-hour price change: -3.7% 🇺🇸 🟢 [MAGICUSDT] Binance openinterest +10.2%, Price +12.9% in the past 3600 seconds, OI: $13.3M, OI/Marketcap ratio: 31.6%, 24H Price Change: -3.7%

💰 Market Cap MAGIC MarketCap: 42.2M

Key points

MAGICUSDT Over the past 3600 seconds, the price rose 12.9%。
Binance open interest increased by 10.2%.
Open interest was 13300000 USD.
The open interest-to-market capitalization ratio was 31.6%.
24 The price change over hours is -3.7%。
MAGIC Market capitalization is 42200000 USD。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a MAGICUSDT short-term market monitoring snapshot: both the price and open interest rose over a short period, but on a 24 hour basis, the price remains down. Open interest is the size of contracts that have not yet been settled; an increase only indicates that there are more unsettled positions. The original text does not state whether these positions are primarily betting on a rise or a decline.

Why it matters to readers

The price experienced significant short-term volatility, while the size of unsettled contracts also changed. It is worth monitoring whether the price and open positions continue to change. Since the 24 hour price remains down, the short-term rise is inconsistent with the full-day trend.

Beginners may view this as a volatility alert rather than a clear buy or sell signal. Contract trading involves leverage, and rapid price changes may amplify losses.

Risks and unknowns

The data come from a monitoring channel; the original text does not provide independently verifiable Binance source records.
This is only a market snapshot at a single point in time; subsequent price movements are unknown.
The original text does not specify whether the newly added open interest is primarily long or short.
The original text does not provide information on spot trading volume, liquidation data, or whether the price can be sustained.

MAGICUSDT In the past 1 hours, the price rose 12.9%, while Binance open interest increased 10.2%

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