Binance MAGICUSDT 1 hourly gain 12.9%, while open interest increased 28.7%
BIBIBI
AT A GLANCE
MAGICUSDT past 3600 seconds saw a gain of 12.9%, while Binance open interest increased 28.7%。
Article
🇨🇳 🟢 [MAGICUSDT] Binance open interest +28.7%; price rose 12.9% over the past 3600 seconds; open interest: 2600000 USD; open interest-to-market capitalization ratio: 13.9%; 24-hour price change: +14.2%
🇺🇸 🟢 [MAGICUSDT] Binance openinterest +28.7%, Price +12.9% in the past 3600 seconds, OI: $2.6M, OI/Marketcap ratio: 13.9%, 24H Price Change: +14.2%
💰 Market Cap
MAGIC MarketCap: 18.5M
Key points
01
MAGICUSDT past 3600 seconds saw a price increase of 12.9%。
02
Binance open interest increased 28.7%, reaching 2600000 USD。
03
The open interest-to-market capitalization ratio was 13.9%.
04
MAGICUSDT saw a price change of 24 over the hour +14.2%。
05
The market capitalization listed in the original text MAGIC is 18500000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
As the price rose, open interest also increased, indicating that the amount of unsettled contract positions grew. The original text provides monitoring data only and does not explain the reason for the increase or the direction of the positions.
Why it matters to readers
The price and open interest both rose significantly over a short period, indicating that trading activity for this contract is strengthening. Subsequent price volatility warrants attention.
Beginners can understand open interest as the size of contracts that remain unsettled in the market; an increase does not mean that the price will necessarily continue to rise, nor can it alone determine the long or short direction.
Risks and unknowns
The data comes from a single monitoring channel, and the original text does not provide an independently verifiable data source or calculation method.
The original text does not specify whether the increase in open interest came from long or short positions.
The specific drivers of the price increase are unknown.
The original text does not specify the precise sampling time corresponding to these indicators.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.