QUSDT Over the past 1 hours, fell 18.5%, while Binance open interest decreased 10.1%
BIBIBI
AT A GLANCE
Monitoring indicates that QUSDT over the past 3600 seconds, it fell 18.5%, while Binance open interest decreased 10.1%。
Article
🇨🇳 🔻 [QUSDT] Binance open interest -10.1%; price fell 18.5% over the past 3600 seconds; open interest: 28200000 USD; open interest-to-market capitalization ratio: 5.1%; 24-hour price change: +37.3%
🇺🇸 🔻 [QUSDT] Binance openinterest -10.1%, Price -18.5% in the past 3600 seconds, OI: $28.2M, OI/Marketcap ratio: 5.1%, 24H Price Change: +37.3%
Key points
01
QUSDT Over the past 3600 seconds, the price fell 18.5%。
02
Binance open interest decreased by 10.1%.
03
Open interest was 28200000 USD.
04
The open interest-to-market capitalization ratio was 5.1%.
05
QUSDT's 24-hour price change was +37.3%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest is the value of contracts that have not yet been settled. Here, both price and open interest declined simultaneously over the past 3600 seconds, but the 24-hour price change remained positive, indicating that the short-term and full-day data point in different directions.
Why it matters to readers
A sharp short-term price change accompanied by a reduction in contract size indicates QUSDT notable recent volatility; these indicators can be used to observe subsequent changes in price and contract positions.
Beginners should note that a 24-hour rise does not mean there cannot be a sharp decline in a short period; open interest is also not a guarantee that prices will necessarily rise or fall.
Risks and unknowns
The original text consists of data published by a monitoring channel and provides no link to Binance's original data or corroboration from other independent sources.
The original text does not allow confirmation of a causal relationship between the price decline and the reduction in open interest.
The original text does not specify the data calculation methodology, the exact start and end times of the statistics, or subsequent changes.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.