SPCXUSDT On Binance 1 hours up 3.2%, while open interest declined 2.1%
BIBIBI
AT A GLANCE
SPCXUSDT over the past 3600 seconds, the price rose 3.2%, while Binance open interest declined 2.1%。
Article
🇨🇳 🟢 [SPCXUSDT] Binance open interest -2.1%; price rose 3.2% over the past 3600 seconds; open interest: 560000000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: +0.7%
🇺🇸 🟢 [SPCXUSDT] Binance openinterest -2.1%, Price +3.2% in the past 3600 seconds, OI: $560.0M, OI/Marketcap ratio: 0.0%, 24H Price Change: +0.7%
SPCX
Key points
01
Binance data shows that SPCXUSDT over the past 3600 seconds, the price rose 3.2%。
02
Binance open interest declined 2.1%, at 560000000 USD。
03
The open interest-to-market capitalization ratio was 0.0%.
04
SPCXUSDT of 24-hour price change was +0.7%。
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 rose while open interest declined, indicating that the contract size was decreasing at that time; this data alone cannot determine subsequent price movements or a specific trading direction.
Why it matters to readers
Price and open interest changing simultaneously can be used to observe the short-term state of the derivatives market, but a snapshot from a single exchange cannot represent the market as a whole.
Beginners may understand it as follows: the price rose in the short term while the size of open contracts decreased, so the subsequent price and open interest should continue to be monitored.
Risks and unknowns
The data comes from a monitoring channel; the original text did not specify its statistical methodology or accuracy.
The original text did not provide trading volume, funding rates, or data from other exchanges.
It is impossible to confirm from this snapshot alone whether the increase will continue or what the specific trading direction is.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.