SNDKUSDT In the past 1 hours, price fell 2.5%, while Binance open interest declined 5.2%
BIBIBI
AT A GLANCE
SNDKUSDT The price and Binance open interest fell simultaneously.
Article
🇨🇳 🔻 [SNDKUSDT] Binance open interest -5.2%; price fell 2.5% over the past 3600 seconds; open interest: 213500000 USD; open interest-to-market capitalization ratio: 0.4%; 24-hour price change: -7.1%
🇺🇸 🔻 [SNDKUSDT] Binance openinterest -5.2%, Price -2.5% in the past 3600 seconds, OI: $213.5M, OI/Marketcap ratio: 0.4%, 24H Price Change: -7.1%
💰 Market Cap
SNDK MarketCap: 50B
Key points
01
Over the past 3600 seconds, the SNDKUSDT price fell 2.5%。
02
Binance SNDKUSDT open interest declined 5.2%, reaching 213500000 USD。
03
SNDKUSDT The open interest/market capitalization ratio of 0.4%。
04
SNDKUSDT The price change over the past 24 hours was -7.1%。
05
SNDK Market capitalization was 50000000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest can be understood as the total amount of contract positions that have not yet been closed. The data shows that open interest decreased as the price fell, indicating that some contract positions exited; however, these data alone cannot determine the specific reason.
Why it matters to readers
The simultaneous decline in price and open interest indicates weak short-term market data. Going forward, attention can be paid to whether the price stabilizes and whether open interest continues to decline.
This is not merely information about price gains or losses; it also shows changes in open positions in the derivatives market, which helps in observing short-term trading activity and risk.
Risks and unknowns
The information comes from a monitoring channel; evidence did not provide the Binance exchange's original page.
The evidence did not specify the reason for the decline in open interest.
The subsequent price direction cannot be confirmed based solely on this data.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.