The 30D monthly review for $MAGIC shows that the overall structure is relatively strong, with the price currently in the middle of the observation range. The price change over the period was +185.33%, and the current price is 0.12466. The range low and high were 0.04059 and 0.16369, respectively, placing the current price at 68.3% of the range. Looking at the price path, the period began with a moderate rise, followed by a clear expansion. The pace shifted from gradual to rapid, but the price remained within the observation range and has not yet reached either boundary.
Changes in open interest were more pronounced. Current open interest is 13.19M, up +877.34% over the period—a substantial expansion that indicates a marked increase in derivatives market participation during this period. In contrast, trading activity showed signs of cooling: recent trading volume was 383.72M, down -12.23% compared with the previous observation window. The simultaneous expansion in open interest and decline in trading volume is one of the most notable contrasts in this period's structure.
As for the funding rate, the current rate is 0.0045%, indicating a mildly positive reading. This reflects only the direction of funding costs in the perpetual contract market at the time and does not imply any further assessment of bullish or bearish strength.
The first PerpPulse record during the period appeared on 2026-10-09 12:00 UTC, at the L1_WATCH stage, with a recorded price of 0.07729. Since that record, the objective high in price change has been +111.79%. This is presented solely as an objective record from the period to mark the starting point of that stage; it does not represent a prediction or a promise of results.
Going forward, continue to monitor whether open interest keeps expanding, whether trading volume recovers, and whether the funding rate remains within its current range, while also tracking changes in the price's position within the observation range.
Full anomaly data: perppulse.xyz
Changes in open interest were more pronounced. Current open interest is 13.19M, up +877.34% over the period—a substantial expansion that indicates a marked increase in derivatives market participation during this period. In contrast, trading activity showed signs of cooling: recent trading volume was 383.72M, down -12.23% compared with the previous observation window. The simultaneous expansion in open interest and decline in trading volume is one of the most notable contrasts in this period's structure.
As for the funding rate, the current rate is 0.0045%, indicating a mildly positive reading. This reflects only the direction of funding costs in the perpetual contract market at the time and does not imply any further assessment of bullish or bearish strength.
The first PerpPulse record during the period appeared on 2026-10-09 12:00 UTC, at the L1_WATCH stage, with a recorded price of 0.07729. Since that record, the objective high in price change has been +111.79%. This is presented solely as an objective record from the period to mark the starting point of that stage; it does not represent a prediction or a promise of results.
Going forward, continue to monitor whether open interest keeps expanding, whether trading volume recovers, and whether the funding rate remains within its current range, while also tracking changes in the price's position within the observation range.
Full anomaly data: perppulse.xyz