EWZUSDT past 1-hour decline 10.4%, while Binance open interest increased 70.8%
BIBIBI
AT A GLANCE
EWZUSDT As Binance open interest increased, the price fell significantly.
Article
🇨🇳 🔻 [EWZUSDT] Binance open interest +70.8%; price fell 10.4% over the past 3600 seconds; open interest: 4800000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: -31.4%
🇺🇸 🔻 [EWZUSDT] Binance openinterest +70.8%, Price -10.4% in the past 3600 seconds, OI: $4.8M, OI/Marketcap ratio: 0.0%, 24H Price Change: -31.4%
EWZ
Key points
01
Monitoring text shows that EWZUSDT over the past 3600 seconds, the price declined 10.4%。
02
Monitoring text shows that Binance open interest increased 70.8%, reaching 4800000 USD。
03
Monitoring text shows that the open interest/market capitalization ratio was 0.0%。
04
Monitoring text shows that the price change over the EWZUSDT past 24 hours was -31.4%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest represents the size of contracts that have not yet been closed. Here, the price fell while open interest rose, but the text does not indicate the direction of the new positions, whether long or short.
Why it matters to readers
These data show that the contract's price has been highly volatile recently, while the contract position size has also changed significantly, warranting continued observation of subsequent changes in price and open interest.
Beginners should not infer the market direction solely from an increase in open interest, because this data does not show whether the positions are long or short.
Risks and unknowns
The source is monitoring-channel text, not Binance's original page.
The text does not provide the reason for the price decline.
The text does not specify whether the increase in open interest corresponds to long or short positions.
The open interest/market capitalization ratio shown in the text was 0.0%, but the calculation methodology was not specified.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.