OGNUSDT In the past 1 hours, rose 15.6%, Binance open interest increased 10.8%to 2000000 USD
BIBIBI
AT A GLANCE
OGNUSDT The price and Binance open interest are rising together, warranting attention to short-term volatility.
Article
🇨🇳 🟢 [OGNUSDT] Binance open interest +10.8%; price rose 15.6% over the past 3600 seconds; open interest: 2000000 USD; open interest-to-market capitalization ratio: 6.5%; 24-hour price change: +21.0%
🇺🇸 🟢 [OGNUSDT] Binance openinterest +10.8%, Price +15.6% in the past 3600 seconds, OI: $2.0M, OI/Marketcap ratio: 6.5%, 24H Price Change: +21.0%
💰 Market Cap
OGN MarketCap: 30.7M
Key points
01
Over the past 3600 seconds,OGNUSDT price rose 15.6%。
02
Binance open interest increased 10.8%, reaching 2000000 USD。
03
The open interest-to-market capitalization ratio was 6.5%.
04
24 The hourly price change was +21.0%。
05
OGN The market capitalization was 30700000 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 original text shows that OGNUSDT while the price rose, Binance open interest also increased, indicating that the size of positions in the derivatives market expanded; however, the original text does not state whether the newly added positions were primarily bullish or bearish.
Why it matters to readers
The price and open interest rose significantly at the same time over a short period, potentially accompanied by more active derivatives trading and greater price volatility.
Beginners can continue to observe whether the price and open interest remain aligned, while noting the volatility risk after a rapid short-term rise; these data alone do not constitute a buy or sell signal.
Risks and unknowns
The original text did not provide a link to Binance's raw data, so the relevant figures cannot be independently verified.
The original text did not explain the reasons for the price increase and rise in open interest.
It is not possible to determine from open interest whether the newly added positions were primarily long or short.
The original text did not specify the data-calculation methodology or the exact collection time.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.