MAGMAUSDT past 1-hour increase, Binance open interest rose 16.5%, 10.2%to 5200000 USD

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🇨🇳 🟢 [MAGMAUSDT] Binance open interest +10.2%; price rose 16.5% over the past 3600 seconds; open interest: 5200000 USD; open interest-to-market capitalization ratio: 11.1%; 24-hour price change: +35.8% 🇺🇸 🟢 [MAGMAUSDT] Binance openinterest +10.2%, Price +16.5% in the past 3600 seconds, OI: $5.2M, OI/Marketcap ratio: 11.1%, 24H Price Change: +35.8%

💰 Market Cap MAGMA MarketCap: 42.3M

Key points

In the past 3600 seconds,MAGMAUSDT the price rose 16.5%。
Binance open interest increased 10.2%, reaching 5200000 USD。
The original report gave the open interest-to-market capitalization ratio as 11.1%。
MAGMA of 24-hour price change was +35.8%。
The market capitalization listed in MAGMA the original text was 42300000 USD。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Open interest is the total amount of unsettled contract positions. The post showed that the MAGMAUSDT price and this metric were both rising, but these figures are only a monitoring snapshot and cannot, on their own, indicate the subsequent direction of the price.

Why it matters to readers

The price rose noticeably within a short period, while open interest also increased, indicating a substantial change in the scale of contract positions; 24 the price has risen over the past 35.8%hours, so price volatility warrants attention.

Beginners may view this as a volatility alert rather than a trading signal. Continue to observe whether the price and open interest keep changing, and be aware of the risks of contract trading.

Risks and unknowns

The data come from a single monitoring post; the original text did not provide a calculation method or validation from other sources.
Based on the 5200000 USD open interest and 42300000 USD market capitalization given in the original text, it is not possible to directly confirm the reported 11.1%ratio; the statistical definitions need to be checked.
The original text did not provide trading volume, funding rate, or liquidation concentration data.
These data cannot confirm the reason for the price increase or its future direction.

MAGMAUSDT past 1-hour increase, Binance open interest rose 16.5%, 10.2%to 5200000 USD

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