Binance SPCXUSDT open interest rises 12.7%, price falls over the past 3600 seconds 2.2%
BIBIBI
AT A GLANCE
SPCXUSDT Binance open interest rises as the price falls 12.7%, warranting attention to short-term volatility risk.
Article
🇨🇳 🔻 [SPCXUSDT] Binance open interest +12.7%; price fell 2.2% over the past 3600 seconds; open interest: 437300000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: -2.3%
🇺🇸 🔻 [SPCXUSDT] Binance openinterest +12.7%, Price -2.2% in the past 3600 seconds, OI: $437.3M, OI/Marketcap ratio: 0.0%, 24H Price Change: -2.3%
SPCX
Key points
01
SPCXUSDT Binance open interest increased 12.7%。
02
Over the past 3600 seconds, the SPCXUSDT price fell 2.2%。
03
Open interest was 437300000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
24 The hourly price change is -2.3%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the total volume of unsettled contract positions. The source text shows that SPCXUSDT as the price fell, open interest increased, indicating that the scale of contract positions is expanding; however, these data alone cannot determine whether the new positions are primarily long or short.
Why it matters to readers
The simultaneous decline in price and rise in open interest means that more contract positions are exposed to market volatility, and short-term price changes may have a greater impact on derivatives traders.
Beginners should treat this as a volatility monitoring signal rather than a clear basis for buying or selling; the source text does not provide data on position direction, funding rates, liquidations, or spot trading volume.
Risks and unknowns
The data comes only from the provided monitoring message, with no independent source cross-verification.
It cannot be confirmed whether the new open interest comes primarily from longs or shorts.
The source text does not specify the comparison time window for the increase in open interest. 12.7%
The open interest/market value ratio is 0.0%, but the source text does not explain its calculation method or precision.
The source text does not provide changes in liquidations, funding rates, or spot trading volume.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.