Binance SPCXUSDT Open interest rises 2%,1 Hourly price decline 4.1%
BIBIBI
AT A GLANCE
SPCXUSDT the past 3600 Second-by-second price decline 4.1%, Binance's open interest increases by 2.0%。
Article
🇨🇳 🔻 [SPCXUSDT] Binance open interest +2.0%; price fell 4.1% over the past 3600 seconds; open interest: 474600000 USD; open interest-to-market capitalization ratio: 0.0%; 24-hour price change: +0.3%
🇺🇸 🔻 [SPCXUSDT] Binance openinterest +2.0%, Price -4.1% in the past 3600 seconds, OI: $474.6M, OI/Marketcap ratio: 0.0%, 24H Price Change: +0.3%
SPCX
Key points
01
SPCXUSDT over the past 3600 Second-by-second price decline 4.1%。
02
Binance open interest increased by 2.0%.
03
Open interest was 474600000 USD.
04
The open interest-to-market capitalization ratio was 0.0%.
05
24 Hourly price change is +0.3%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Open interest refers to the size of contracts that have not yet been settled. The source text shows that SPCXUSDT during a short-term price decline, open interest increased somewhat, but these data alone cannot determine the direction of the new positions or subsequent price movements.
Why it matters to readers
A simultaneous significant change in price and open interest over a short period can serve as a signal for observing derivatives market activity and short-term volatility.
Beginners should not interpret an increase in open interest directly as bullish or bearish; they should also monitor subsequent price movements and remain aware of the risks of derivatives trading.
Risks and unknowns
The data came from a single monitoring channel, and the source text provided no basis for independent verification.
The source text does not indicate whether the new open interest represents long or short positions.
Open interest/market capitalization ratio 0.0%The calculation methodology and accuracy are unclear.
The source text did not state that there is a causal relationship between the price decline and the increase in open interest.
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Related concepts
Open Interest
This term is not in the glossary yet. Browse related concepts in the glossary.