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The monitoring data stated that the PHAROSUSDT price and Binance open interest rose together over the past 3600 seconds.
🇨🇳 🟢 [PHAROSUSDT] Binance open interest +14.4%; price rose 13.0% over the past 3600 seconds; open interest: 5100000 USD; open interest-to-market capitalization ratio: 5.7%; 24-hour price change: +14.6% 🇺🇸 🟢 [PHAROSUSDT] Binance openinterest +14.4%, Price +13.0% in the past 3600 seconds, OI: $5.1M, OI/Marketcap ratio: 5.7%, 24H Price Change: +14.6%
💰 Market Cap PHAROS MarketCap: 90.6M
PHAROSUSDT rose 13.0% over the past 3600 seconds.
Binance PHAROSUSDT open interest increased 14.4%.
Open interest was 5100000 USD.
The open interest-to-market capitalization ratio was 5.7%.
The 24-hour price change was +14.6%.
PHAROS market capitalization was 90.6M.
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the total value of contract positions that have not been settled. The source showed that price and open interest rose together, indicating that contract exposure in the pair was increasing, but the figures alone cannot establish whether the new positions were primarily long or short.
The rapid price change accompanied by increased open interest made short-term trading activity worth monitoring and could be associated with more pronounced price volatility.
Beginners should not interpret rising open interest as meaning the price will continue to rise. Contract trading can amplify gains and losses, so the risk of a rapid reversal should be considered.
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View glossary →A metric for the total value of currently tradable tokens calculated at current prices.
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