AVAXUSDT Past 1 hours, down 4.1%, while Binance open interest increased 5.1%
BIBIBI
AT A GLANCE
AVAXUSDT As the price fell, Binance open interest rose by 5.1%, and short-term volatility risk warrants attention.
Article
🇨🇳 🔻 [AVAXUSDT] Binance open interest +5.1%; price fell 4.1% over the past 3600 seconds; open interest: 73700000 USD; open interest-to-market capitalization ratio: 1.9%; 24-hour price change: -6.0%
🇺🇸 🔻 [AVAXUSDT] Binance openinterest +5.1%, Price -4.1% in the past 3600 seconds, OI: $73.7M, OI/Marketcap ratio: 1.9%, 24H Price Change: -6.0%
💰 Market Cap
AVAX MarketCap: 3.8B
Key points
01
In the past 3600 seconds,AVAXUSDT the price fell by 4.1%。
02
Binance open interest increased by 5.1%.
03
Open interest was 73700000 USD.
04
The open interest-to-market capitalization ratio was 1.9%.
05
24 the hourly price change was -6.0%。
06
AVAX the market capitalization was 3800000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the total volume of contract positions that have not yet been settled. Here, the price declined while open interest increased, indicating that more contract positions entered or remained in the market during the decline. However, these data cannot determine whether the newly added positions were primarily long or short.
Why it matters to readers
The simultaneous decline in price and increase in open interest means that contract positions increased as market conditions weakened. Traders should monitor subsequent price volatility and leverage risk.
Beginners should not directly interpret an increase in open interest as a bullish or bearish signal; it only indicates that unsettled positions increased, while the direction remains unclear.
Risks and unknowns
The data comes from a single monitoring channel, and the original text did not provide a trading-platform data link that can be independently verified.
It is impossible to determine solely from changes in open interest whether the newly added positions were long or short.
The original text did not state the subsequent price trend or whether mass liquidations occurred.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.