SPCXUSDT 1 hours decline 2.1%, Binance open interest increased to 488800000 USD
BIBIBI
AT A GLANCE
SPCXUSDT the past 3600 seconds decline 2.1%, Binance open interest increased 6.5%to 488800000 USD。
Article
🇨🇳 🔻 [SPCXUSDT] Binance open interest +6.5%; price fell 2.1% over the past 3600 seconds; open interest: 488800000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: -7.0%
🇺🇸 🔻 [SPCXUSDT] Binance openinterest +6.5%, Price -2.1% in the past 3600 seconds, OI: $488.8M, OI/Marketcap ratio: 0.0%, 24H Price Change: -7.0%
SPCX
Key points
01
SPCXUSDT Over the past 3600 seconds, the price fell 2.1%。
02
Binance open interest increased by 6.5%.
03
Open interest was 488800000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
24-hour price change was -7.0%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
When the price falls while open interest rises, it indicates that the size of unsettled contract positions has increased; however, the original text does not specify the direction of the newly added positions, so it cannot be used to determine whether longs or shorts are dominant.
Why it matters to readers
Synchronous changes in price and open interest can be used to observe derivatives market activity and potential volatility, but a single monitoring data point is insufficient to confirm subsequent price direction.
Beginners can understand open interest as the total size of contracts that have not yet been closed. This data can only serve as an observation signal and is not equivalent to a prediction of price movement.
Risks and unknowns
The data comes from a monitoring post; the original text does not include a link to Binance's original data.
The data definitions, collection method, and accuracy cannot be confirmed from the original text.
An increase in open interest does not mean that the newly added positions must be long or short.
The original text did not explain the calculation method for the open interest/market capitalization ratio of 0.0%.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.