MAGICUSDT In the past 1 hours, rose 17.0%, while Binance open interest increased 10.2%
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AT A GLANCE
MAGICUSDT In the past 1 hours, the price rose 17.0%, while open interest increased 10.2%。
Article
🇨🇳 🟢 [MAGICUSDT] Binance open interest +10.2%; price rose 17.0% over the past 3600 seconds; open interest: 10800000 USD; open interest-to-market capitalization ratio: 32.1%; 24-hour price change: +59.5%
🇺🇸 🟢 [MAGICUSDT] Binance openinterest +10.2%, Price +17.0% in the past 3600 seconds, OI: $10.8M, OI/Marketcap ratio: 32.1%, 24H Price Change: +59.5%
💰 Market Cap
MAGIC MarketCap: 30.2M
Key points
01
Binance MAGICUSDT open interest increased 10.2%。
02
Over the past 3600 seconds, the price rose 17.0%。
03
Open interest was 10800000 USD.
04
The open interest-to-market capitalization ratio was 32.1%.
05
24 Hourly price change: +59.5%。
06
MAGIC Market capitalization: 30200000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a derivatives market monitoring notice:MAGICUSDT Open interest also increased as the price rose. Open interest represents the size of contracts that have not yet been closed, but these data alone cannot determine the reason for the increase or the direction of positions.
Why it matters to readers
The price and open interest rising simultaneously indicates that market activity is increasing; however, this may also be accompanied by greater price volatility.
Beginners should note that a rising price does not mean lower risk. Derivatives involve leverage, and open interest alone cannot determine whether the market will continue to rise.
Risks and unknowns
The information comes from a monitoring channel; no original Binance data link or independent source was provided.
It cannot be confirmed whether the new contracts are primarily long or short positions.
The specific reason for the price increase cannot be confirmed.
Funding rates, liquidation data, and trading volume were not provided.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.