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USELESSUSDT As open interest on Binance rises, the price continues to decline.
🇨🇳 🔻 [USELESSUSDT] Binance open interest +8.5%; price fell 10.1% over the past 3600 seconds; open interest: 9300000 USD; open interest-to-market capitalization ratio: 6.9%; 24-hour price change: -28.7% 🇺🇸 🔻 [USELESSUSDT] Binance openinterest +8.5%, Price -10.1% in the past 3600 seconds, OI: $9.3M, OI/Marketcap ratio: 6.9%, 24H Price Change: -28.7%
💰 Market Cap USELESS MarketCap: 134.8M
USELESSUSDT Open interest on Binance increased 8.5%。
Past 3600 seconds, the price declined 10.1%。
Open interest is 9300000 USD, and the open interest-to-market-capitalization ratio is 6.9%。
24 hour price change is -28.7%。
USELESS Market capitalization is 134800000 USD。
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, open interest is rising as the price declines, indicating that the amount of contracts in the market is increasing; however, this monitoring information alone cannot determine whether the market is positioned long or short.
The price decline coinciding with an increase in contract size may indicate elevated short-term volatility and leverage risk, but the specific cause requires further data for confirmation.
Beginners should note that an increase in contract size does not mean the price will necessarily rebound, nor can it alone indicate whether the market is bullish or bearish.
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View glossary →A metric for the total value of currently tradable tokens calculated at current prices.
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