$MAGIC was broadly strong over the 7D observation window, with the price trading in the upper part of the observed range. Its trajectory showed a modest rise followed by a pronounced expansion. The current price is 0.14019, the price change over the period is +126.51%, and the range position is 77.3%. The period low and high were 0.06018 and 0.16369, respectively. This structure indicates that the price center shifted higher during the period, but the price is now near the top of the range, leaving relatively less room for short-term fluctuations.
Changes in open interest were more pronounced. The current open interest value is 17.39M, up +412.87% over the period, representing a significant expansion. The price and open interest rose together, indicating that participation increased; however, this expansion reflects only the state of positioning and does not determine direction.
Trading activity has cooled. Recent trading volume was 447.10M, down 45.02% compared with the previous observation window. With the price near the upper end of the range, open interest expanding, and trading volume declining, the short-term focus should be on how well volume and positioning align, rather than on any single indicator.
The current funding rate is -0.0018%, close to neutral. A positive or negative rate here describes only the funding-rate condition; it does not imply an optimistic or pessimistic outlook, nor does it indicate a win for either side.
The first PerpPulse record during the period appeared on 2026-10-09 12:00 UTC, when the stage was L1_WATCH and the recorded price was 0.07729. The highest subsequent price change observed was +111.79%. This is presented solely as a record of what has already occurred and does not imply any forecast of future market movements.
Continue to monitor whether $MAGIC 's open interest changes persist, whether trading volume recovers, and whether the funding rate moves away from its current neutral range. Also watch the price's movement between 0.16369 and 0.06018.
Full anomaly data: perppulse.xyz
Changes in open interest were more pronounced. The current open interest value is 17.39M, up +412.87% over the period, representing a significant expansion. The price and open interest rose together, indicating that participation increased; however, this expansion reflects only the state of positioning and does not determine direction.
Trading activity has cooled. Recent trading volume was 447.10M, down 45.02% compared with the previous observation window. With the price near the upper end of the range, open interest expanding, and trading volume declining, the short-term focus should be on how well volume and positioning align, rather than on any single indicator.
The current funding rate is -0.0018%, close to neutral. A positive or negative rate here describes only the funding-rate condition; it does not imply an optimistic or pessimistic outlook, nor does it indicate a win for either side.
The first PerpPulse record during the period appeared on 2026-10-09 12:00 UTC, when the stage was L1_WATCH and the recorded price was 0.07729. The highest subsequent price change observed was +111.79%. This is presented solely as a record of what has already occurred and does not imply any forecast of future market movements.
Continue to monitor whether $MAGIC 's open interest changes persist, whether trading volume recovers, and whether the funding rate moves away from its current neutral range. Also watch the price's movement between 0.16369 and 0.06018.
Full anomaly data: perppulse.xyz