ALCH rose by 39.8% over the past 1 hour, and Binance open interest increased by 32.7%.
BIBIBI
AT A GLANCE
The ALCHUSDT price and Binance open interest rose sharply together, while the 24-hour price change was +52.2%.
Article
🇨🇳 🟢 [ALCHUSDT] Binance open interest +32.7%; price rose 39.8% over the past 3600 seconds; open interest: 7400000 USD; open interest-to-market capitalization ratio: 13.1%; 24-hour price change: +52.2%
🇺🇸 🟢 [ALCHUSDT] Binance openinterest +32.7%, Price +39.8% in the past 3600 seconds, OI: $7.4M, OI/Marketcap ratio: 13.1%, 24H Price Change: +52.2%
💰 Market Cap
ALCH MarketCap: 56.3M
Key points
01
ALCHUSDT open interest on Binance increased 32.7%.
02
ALCHUSDT rose 39.8% over the past 3600 seconds.
03
Open interest was 7400000 USD.
04
The open interest-to-market capitalization ratio was 13.1%.
05
The 24-hour price change was +52.2%.
06
ALCH market capitalization was 56300000 USD.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This monitoring item showed that the ALCHUSDT price rose rapidly while related Binance open interest also increased. Open interest is the total value of unsettled contracts; its increase means more contract positions remained open, but the source did not state whether those positions primarily anticipated a rise or a fall.
Why it matters to readers
The simultaneous substantial changes in price and open interest indicated active contract trading in the pair at the time, making subsequent changes in price and open interest worth monitoring.
Beginners can treat this as a market-volatility signal and should not conclude from increased open interest alone that the price will necessarily rise or fall next.
Risks and unknowns
The source did not state the exact collection time or calculation method.
The source did not state the proportion of long and short positions in open interest.
The source data came from a single monitoring message, and its accuracy had not been confirmed by other material.
The subsequent direction after the rapid price increase could not be established from the source.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.