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Binance data shows that BTCUSDT the price and open interest declined simultaneously during the monitoring period.
🇨🇳 🔻 [BTCUSDT] Binance open interest -2.6%; price fell 2.0% over the past 3600 seconds; open interest: 7594700000 USD; open interest-to-market capitalization ratio: 0.5%; 24-hour price change: -2.9% 🇺🇸 🔻 [BTCUSDT] Binance openinterest -2.6%, Price -2.0% in the past 3600 seconds, OI: $7594.7M, OI/Marketcap ratio: 0.5%, 24H Price Change: -2.9%
Over the past 3600 seconds,BTCUSDT the price fell 2.0%。
Over the past 3600 seconds, Binance open interest declined 2.6%。
Binance open interest was 7594700000 USD。
The open interest-to-market capitalization ratio was 0.5%.
24 The hourly price change was -2.9%。
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest can be understood as the total volume of contract positions that have not yet been closed. Here, the data shows that over the past 3600 seconds, both the price and open interest declined, but this information does not explain the specific reason.
The price decline was accompanied by a reduction in open interest, indicating that the scale of relevant contract positions is shrinking; this data alone cannot determine the subsequent direction.
Beginners can understand it as follows: the price is falling, and the scale corresponding to the contracts that remain open in the market is also decreasing, but this alone cannot directly indicate the buying or selling direction.
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