The gain leaderboard switched to BEAMX, and the price jumped by about 34% in one go. What I care about more is that the contract positions only rose by a quarter.
Binance’s order book shows that over the past 24 hours, BEAMXUSDT had trading volume of about 57.19 million USDT. The price moved between 0.001407 and 0.002197, and the current price is around 0.00193, about 12% down from the high. Official materials for BeamX DAO say that BEAMX is a token used for governance and the DApp ecosystem on Beam’s privacy chain.
The contract data is more interesting: over the last ~3 hours, open interest increased by about 25.1% in coin terms and about 57.7% in USD value. The latter figure will be amplified by the price rally, so you can’t take it as “fresh money entering” directly. The 4-hour funding rate is around +0.005%. Over the most recent ~1 hour, the ratio of aggressive buying vs. selling has oscillated between 0.72 and 1.39—neither side has fully taken control of the order book.
If, during the pullback, open interest in coin terms drops first, it means the heat is fading faster than the price. If positions are still holding, the disagreement isn’t over yet. Open $BEAMX to look at real-time volume and position changes, and then you can judge whether what you’re seeing is chasing the breakout, or rebuilding positions.
$BEAMX #BEAMX #Contract data
Binance’s order book shows that over the past 24 hours, BEAMXUSDT had trading volume of about 57.19 million USDT. The price moved between 0.001407 and 0.002197, and the current price is around 0.00193, about 12% down from the high. Official materials for BeamX DAO say that BEAMX is a token used for governance and the DApp ecosystem on Beam’s privacy chain.
The contract data is more interesting: over the last ~3 hours, open interest increased by about 25.1% in coin terms and about 57.7% in USD value. The latter figure will be amplified by the price rally, so you can’t take it as “fresh money entering” directly. The 4-hour funding rate is around +0.005%. Over the most recent ~1 hour, the ratio of aggressive buying vs. selling has oscillated between 0.72 and 1.39—neither side has fully taken control of the order book.
If, during the pullback, open interest in coin terms drops first, it means the heat is fading faster than the price. If positions are still holding, the disagreement isn’t over yet. Open $BEAMX to look at real-time volume and position changes, and then you can judge whether what you’re seeing is chasing the breakout, or rebuilding positions.
$BEAMX #BEAMX #Contract data
