SNXXUSDT Past 1-hour decline 7.3%, while Binance open interest rose 7.9%
BIBIBI
AT A GLANCE
SNXXUSDT Over the past 3600 seconds, it declined 7.3%, while Binance open interest during the same period increased 7.9%。
Article
🇨🇳 🔻 [SNXXUSDT] Binance open interest +7.9%; price fell 7.3% over the past 3600 seconds; open interest: 30500000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: -21.7%
🇺🇸 🔻 [SNXXUSDT] Binance openinterest +7.9%, Price -7.3% in the past 3600 seconds, OI: $30.5M, OI/Marketcap ratio: 0.0%, 24H Price Change: -21.7%
SNXX
Key points
01
SNXXUSDT Over the past 3600 seconds, the price declined 7.3%。
02
Binance open interest increased by 7.9%.
03
Open interest was 30500000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
24 The hourly price change was -21.7%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This monitoring information indicates that SNXXUSDT while the price declined, open interest in related Binance contracts instead increased. Open interest is the size of contracts that have not yet been closed; an increase only indicates that there are more unsettled positions. The original text does not specify whether these positions are primarily long or short.
Why it matters to readers
The price declined significantly alongside an increase in open interest, indicating that more contract positions remained open during the volatility. Subsequent changes in price and positions warrant attention. These data alone cannot determine the price's next direction.
Beginners should treat this as an indication of volatility and changes in contract positions, rather than a definitive signal to buy, sell, or determine market direction.
Risks and unknowns
The data are from a monitoring channel. The original text does not include Binance's original records, so they cannot be independently verified.
The original text does not specify whether the increase in open interest came from long or short positions.
The statistical methodology, specific start and end times, and data collection method are not specified.
The open interest/market capitalization ratio is shown as 0.0%, but the original text does not explain its calculation method or precision.
The original text does not provide liquidation, trading volume, or capital flow data.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.