Injective (INJ) Open Interest Rises 1.7% in 24 Hours; Balance Declines as of 9 a.m.
Original headline인젝티브(INJ) 미결제약정 24시간 1.7% 증가…오전 9시 잔액 감소
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Open interest on Injective (INJ) futures stood at $21.3 million as of November 1 at 7:05 p.m., up 1.7% over the prior 24 hours, according to Binance futures data from Seandra, while the futures price rose 3.1% to 7.29 USDT over the same period. The daily 9 a.m. KST readings show open interest declining from $22.4 million on October 30 to $20.2 million on October 31 before recovering. Because every futures contract has both a buyer and a seller, the uptick alone does not reveal whether long or short positions are driving the move. Traders will be watching whether open interest continues to build alongside price to confirm the direction of new positioning.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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Injective (INJ), Binance, Seandra
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