BCH rose 30.5% over 24 hours, while Binance open interest decreased 2.9% over 1 hour
BIBIBI
AT A GLANCE
The BCHUSDT price rose 2.1% over the past 3600 seconds, open interest fell 2.9%, and the price rose 30.5% over 24 hours.
Article
🇨🇳 🟢 [BCHUSDT] Binance open interest -2.9%; price rose 2.1% over the past 3600 seconds; open interest: 166700000 USD; open interest-to-market capitalization ratio: 2.4%; 24-hour price change: +30.5%
🇺🇸 🟢 [BCHUSDT] Binance openinterest -2.9%, Price +2.1% in the past 3600 seconds, OI: $166.7M, OI/Marketcap ratio: 2.4%, 24H Price Change: +30.5%
💰 Market Cap
BCH MarketCap: 6.8B
Key points
01
BCHUSDT open interest on Binance decreased by 2.9%.
02
The BCHUSDT price rose 2.1% over the past 3600 seconds.
03
Open interest was 166700000 USD.
04
The open interest-to-market capitalization ratio was 2.4%.
05
The 24-hour price change was +30.5%.
06
BCH market capitalization was 6800000000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The price rose while open interest declined, indicating a decrease in total unsettled positions in the derivatives market. The source reports only these simultaneous changes and cannot identify which traders closed positions or confirm the subsequent price direction.
Why it matters to readers
Price, open interest, and the market-capitalization ratio can help monitor whether spot-market movement and derivatives participation are aligned. These data show open interest declining while price rose.
Beginners can understand open interest as the scale of derivatives positions not yet settled; a decline does not mean the price will necessarily fall and cannot serve as a trading basis by itself.
Risks and unknowns
The source does not state the data-collection method or calculation methodology.
The source does not state the specific reason for the decrease in open interest.
These data alone are insufficient to determine the subsequent price direction.
The source data have not been cross-checked against other sources.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.