A few hours ago, the system recorded an unusual change in the contract structure for $PHA .
The alert level at 22:00 Beijing time on October 12 was 0.05933. The trigger condition was stated plainly: OI fell for 3×2H, meaning open interest declined over three consecutive 2-hour periods. Looking at a longer timeframe, the 6-hour OI change was -3.0%, the 2-hour OI change was -1.3%, and the price change over the same 6-hour period was -8.1%.
Another detail worth noting is trading volume: the 2-hour volume ratio was 2.1, indicating noticeably higher turnover than usual during this period. However, the 6-hour OI Flow was -170396.4 USD, and there was no recorded condition of OI Flow continuing for 3 consecutive 2-hour periods. So this looks more like a one-sided decline in open positions than sustained activity from both sides of the market.
Current contract OI stands at approximately 5414525.6 USD. When prices fall alongside open interest, it usually means that exiting positions have outweighed new ones during this move.
The above is simply a restatement of the recorded structural conditions and does not constitute a directional view. $PHA #PHA #BinanceSquare
📌 Verifiable record
Type: OI fell for 3×2H
Record time: 2026-10-12 22:00 +0800
Recorded level: 0.05933
Price 6H: -8.1%
OI 2H: -1.3%
OI 6H: -3.0%
OI Flow 6H: -170396.4
Vol 2H: 2.1x
Full anomaly data: perppulse.xyz
The alert level at 22:00 Beijing time on October 12 was 0.05933. The trigger condition was stated plainly: OI fell for 3×2H, meaning open interest declined over three consecutive 2-hour periods. Looking at a longer timeframe, the 6-hour OI change was -3.0%, the 2-hour OI change was -1.3%, and the price change over the same 6-hour period was -8.1%.
Another detail worth noting is trading volume: the 2-hour volume ratio was 2.1, indicating noticeably higher turnover than usual during this period. However, the 6-hour OI Flow was -170396.4 USD, and there was no recorded condition of OI Flow continuing for 3 consecutive 2-hour periods. So this looks more like a one-sided decline in open positions than sustained activity from both sides of the market.
Current contract OI stands at approximately 5414525.6 USD. When prices fall alongside open interest, it usually means that exiting positions have outweighed new ones during this move.
The above is simply a restatement of the recorded structural conditions and does not constitute a directional view. $PHA #PHA #BinanceSquare
📌 Verifiable record
Type: OI fell for 3×2H
Record time: 2026-10-12 22:00 +0800
Recorded level: 0.05933
Price 6H: -8.1%
OI 2H: -1.3%
OI 6H: -3.0%
OI Flow 6H: -170396.4
Vol 2H: 2.1x
Full anomaly data: perppulse.xyz