TAO rose by 8.3% over the past 1 hour, and Binance open interest increased by 5.1%.
BIBIBI
AT A GLANCE
TAOUSDT open interest and price both rose on Binance.
Article
🇨🇳 🟢 [TAOUSDT] Binance open interest +5.1%, price +8.3% over the past 3600 seconds, open interest: 88700000 USD, open interest/market capitalization ratio: 2.6%, 24-hour price change: +18.0%
🇺🇸 🟢 [TAOUSDT] Binance open interest +5.1%, Price +8.3% in the past 3600 seconds, OI: $88.7M, OI/Marketcap ratio: 2.6%, 24H Price Change: +18.0%
💰 Market Capitalization
TAO MarketCap: 3.4B
Key points
01
Binance open interest increased by 5.1%.
02
The price rose 8.3% over the past 3600 seconds.
03
Open interest was 88700000 USD.
04
The open interest-to-market capitalization ratio was 2.6%.
05
The 24-hour price change was +18.0%.
06
TAO's market capitalization was 3.4 billion USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the value of unsettled contracts. Here, TAOUSDT derivatives volume and price both rose during the relevant period.
Why it matters to readers
The simultaneous increase in derivatives volume and price shows a notable change in these market indicators and warrants continued observation.
Beginners can view this as a monitoring signal that price and derivatives-market activity rose together, but it is not trading advice.
Risks and unknowns
The text provides no independent verification of the monitoring data.
The text does not state whether the price increase and the rise in open interest have a causal relationship.
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Related concepts
Open Interest
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