MAGMAUSDT over the past 1 hours declined 17.0%, Binance open interest increased 10.0%to 6400000 USD
BIBIBI
AT A GLANCE
MAGMAUSDT over the past 3600 seconds declined 17.0%, Binance open interest increased 10.0%to 6400000 USD。
Article
🇨🇳 🔻 [MAGMAUSDT] Binance open interest +10.0%; price fell 17.0% over the past 3600 seconds; open interest: 6400000 USD; open interest-to-market capitalization ratio: 12.1%; 24-hour price change: +0.1%
🇺🇸 🔻 [MAGMAUSDT] Binance openinterest +10.0%, Price -17.0% in the past 3600 seconds, OI: $6.4M, OI/Marketcap ratio: 12.1%, 24H Price Change: +0.1%
💰 Market Cap
MAGMA MarketCap: 53.2M
Key points
01
MAGMAUSDT over the past 3600 seconds, the price declined 17.0%。
02
Binance open interest increased by 10.0%.
03
Open interest was 6400000 USD.
04
The open interest-to-market capitalization ratio was 12.1%.
05
24 hour price change was +0.1%。
06
MAGMA Market capitalization was 53200000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The price declined significantly in a short period, while open interest increased simultaneously, indicating that there are more unsettled contract positions. The original text provides only monitoring data; it cannot be used to determine the direction of newly added positions or the cause of the price decline.
Why it matters to readers
A short-term price decline and an increase in open contract positions occurred simultaneously, indicating that MAGMAUSDT's derivatives trading activity and price volatility warrant continued attention.
Beginners should understand that an increase in open interest does not necessarily indicate bullishness or bearishness; participating in contract trading during rapid price changes may involve substantial volatility risk.
Risks and unknowns
The original text does not specify the data collection time or calculation methodology.
It cannot be confirmed whether the increase in open interest was primarily long or short.
The original text does not provide funding rate or liquidation data.
The cause of the price decline cannot be confirmed from the original text.
The relevant data come only from the provided monitoring channel and have not been cross-validated by other sources.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.