SPCXUSDT past 1 hour price rose 2.1%, open interest declined 7.7%
BIBIBI
AT A GLANCE
The monitoring channel stated that SPCXUSDT as the price rose, Binance's open interest declined 7.7%。
Article
🇨🇳 🟢 [SPCXUSDT] Binance open interest -7.7%; price rose 2.1% over the past 3600 seconds; open interest: 311300000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: +3.6%
🇺🇸 🟢 [SPCXUSDT] Binance openinterest -7.7%, Price +2.1% in the past 3600 seconds, OI: $311.3M, OI/Marketcap ratio: 0.0%, 24H Price Change: +3.6%
SPCX
Key points
01
past 3600 seconds,SPCXUSDT price rose 2.1%。
02
Binance's SPCXUSDT open interest declined 7.7%。
03
Open interest was 311300000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
24 hour price change was +3.6%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest represents the scale of contracts that have not yet been settled. The source text shows that the price rose while open interest declined, indicating that the total amount of unsettled positions decreased; these data alone cannot determine which side exited or whether the price will rise or fall next.
Why it matters to readers
Synchronous changes in price and open interest are often used to observe participation in the derivatives market. Here, the price rose while open interest declined, which warrants continued attention to subsequent data but cannot, on its own, serve as a basis for determining trade direction.
Beginners can understand it as follows: the price rose in the short term, but fewer contract positions remained in the market. This is only an indication of market conditions and does not represent a definite buy or sell signal.
Risks and unknowns
The data came from a derivatives monitoring channel; the source text did not provide original Binance data or independent verification.
It cannot be confirmed whether the decline in open interest came from long liquidations, short liquidations, or other position changes.
It is not possible to determine from this set of data SPCXUSDT the subsequent price direction.
The source text did not explain why, when open interest was 311300000 USD the open-interest-to-market-capitalization ratio was shown as 0.0%。
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.