KORUUSDT On Binance, 1 the price fell within hours 4.9%, while open interest increased 5.1%
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AT A GLANCE
KORUUSDT Over the past 3600 seconds, it fell 4.9%, while Binance open interest increased 5.1%to 80800000 USD。
Article
🇨🇳 🔻 [KORUUSDT] Binance open interest +5.1%; price fell 4.9% over the past 3600 seconds; open interest: 80800000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: +2.4%
🇺🇸 🔻 [KORUUSDT] Binance openinterest +5.1%, Price -4.9% in the past 3600 seconds, OI: $80.8M, OI/Marketcap ratio: 0.0%, 24H Price Change: +2.4%
KORU
Key points
01
KORUUSDT Over the past 3600 seconds, the price fell 4.9%。
02
Binance open interest increased by 5.1%.
03
Open interest was 80800000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
24 the hourly price change was +2.4%。
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. The source text states that,KORUUSDT when the price falls over a short period, Binance open interest increases somewhat, but these data cannot show whether the newly added positions are primarily long, short, or hedging positions.
Why it matters to readers
A significant simultaneous change in price and open interest can be used to observe short-term trading activity and potential volatility, but it cannot independently indicate the direction of price movement.
Beginners can continue to observe subsequent changes in price and open interest, and should not rely solely on this monitoring data to determine whether the market is long or short or to make trading decisions.
Risks and unknowns
The source text does not provide a link to Binance's primary data, so the data's accuracy cannot be independently verified.
The source text does not specify the direction or purpose of the newly added open interest.
the open interest-to-market-cap ratio was 0.0%, but the source text did not explain the calculation methodology.
The causal relationship between a short-term decline and an increase in open interest cannot be confirmed.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.