Alphabet Gift RSI 20… Open Interest Down 1.5% in 24 Hours

Binance’s Alphabet ($GOOGL) perpetual futures contract showed a daily RSI (14) of 20 as of 9:24 p.m. KST on the 3rd, with the 4-hour RSI at 34 and the 1-hour RSI at 48, according to ByKaranteli data. Open interest in the GOOGLUSDT contract fell 1.5% over the past 24 hours, even as it rose 0.11% over 1 hour and 2.19% over 4 hours. The deeply oversold daily RSI alongside a 24-hour decline in open interest signals weakening positioning in the tokenized equity derivative. Open interest measures outstanding, unclosed futures contracts, and its change alone does not indicate whether longs or shorts are increasing or decreasing. Watch whether the daily RSI recovers from the 20 level and whether open interest resumes growing over the 24-hour window.