MAGMAUSDT Past 1-hour increase 10.9%, Binance open interest increased by 8.1%
BIBIBI
AT A GLANCE
MAGMAUSDT The short-term price and Binance open interest rose simultaneously, with the 24-hour price increase being 36.7%。
Article
🇨🇳 🟢 [MAGMAUSDT] Binance open interest +8.1%; price rose 10.9% over the past 3600 seconds; open interest: 8200000 USD; open interest-to-market capitalization ratio: 8.0%; 24-hour price change: +36.7%
🇺🇸 🟢 [MAGMAUSDT] Binance openinterest +8.1%, Price +10.9% in the past 3600 seconds, OI: $8.2M, OI/Marketcap ratio: 8.0%, 24H Price Change: +36.7%
💰 Market Cap
MAGMA MarketCap: 101.3M
Key points
01
MAGMAUSDT In the past 3600 seconds, the price increased 10.9%。
02
Binance open interest increased by 8.1%, reaching 8200000 USD。
03
The ratio of open interest to market capitalization was 8.0%。
04
MAGMAUSDT The 24-hour price change was +36.7%。
05
MAGMA The market capitalization was 101300000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the size of contracts that have not yet been settled. The source text shows that MAGMAUSDT as the price rose, Binance open interest also increased, indicating that the size of contract positions expanded; however, these data alone cannot confirm the subsequent price direction.
Why it matters to readers
The short-term increase, the 24-hour increase, and open interest all rose significantly, indicating that the trading pair is experiencing relatively strong price volatility and futures trading activity.
Beginners should treat this type of monitoring information as a volatility warning, not as a buy or sell conclusion; rapid increases may be accompanied by rapid pullbacks.
Risks and unknowns
The source text does not provide the data collection timestamp or calculation method.
The source text does not provide an independent market-data source to cross-check these figures.
The source text does not provide trading volume, funding rates, liquidation data, or position direction.
An increase in open interest alone cannot determine whether the newly added positions are predominantly long or short.
Whether the price can sustain its increase cannot be confirmed from the source text.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.