GWEIUSDT Past 1 hours, the price fell 10.6%, while Binance open interest decreased 8.1%
BIBIBI
AT A GLANCE
GWEIUSDT In the short term, the price and Binance open interest declined simultaneously, 24 with the hourly price decline at 12.8%。
Article
🇨🇳 🔻 [GWEIUSDT] Binance open interest -8.1%; price fell 10.6% over the past 3600 seconds; open interest: 3900000 USD; open interest-to-market capitalization ratio: 9.7%; 24-hour price change: -12.8%
🇺🇸 🔻 [GWEIUSDT] Binance openinterest -8.1%, Price -10.6% in the past 3600 seconds, OI: $3.9M, OI/Marketcap ratio: 9.7%, 24H Price Change: -12.8%
💰 Market Cap
GWEI MarketCap: 38.8M
Key points
01
Past 3600 seconds, the GWEIUSDT price fell 10.6%。
02
Binance GWEIUSDT open interest declined 8.1%。
03
Open interest was 3900000 USD.
04
The open interest-to-market capitalization ratio was 9.7%.
05
24 The price change over the hour was -12.8%。
06
The original text stated that the GWEI market capitalization was 38800000 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. Here, the price and open interest declined simultaneously, indicating that the price weakened in the short term and that some contract positions exited; however, the original text did not provide the reasons for the exits or the direction of trading.
Why it matters to readers
The price fell within a short period 10.6%, and the 24-hour decline reached 12.8%, indicating significant volatility. The open-interest-to-market-capitalization ratio was 9.7%, which can serve as an indicator for observing derivatives market size and price volatility.
Beginners should treat this type of data as a short-term market-monitoring signal rather than trading advice; particular attention should be paid to rapid volatility and the risks of derivatives trading.
Risks and unknowns
The data came from a single monitoring message, with no cross-validation from other sources provided.
The original text did not specify the reasons for the decline in open interest.
The original text did not provide trading volume, liquidation data, or data from other exchanges.
The subsequent trend cannot be determined solely from changes in price and open interest.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.