Amazon ($AMZN) futures open interest decreased 13.2% over 11 hours and 41 minutes

Open interest in Binance’s Amazon-linked perpetual futures (AMZNUSDT) fell 13.2% to 55,978 AMZN, worth about $14.49 million, between 11:21 p.m. on the 5th and 11:02 a.m. on the 6th (Korea time), a drop of 8,505 contracts. The contract traded at 258.89 USDT with 24-hour volume of $65.31 million, a 24-hour price change of -2.15% and a range of 252.63–273.56 USDT. The decline in open interest alongside a negative price move points to positions being closed rather than added, signaling reduced conviction in the tokenized equity trade. Watch whether open interest stabilizes near current levels or continues to unwind, and whether the price holds above the lower end of its recent range.