Binance’s QQQUSDT perpetual fell 0.39% over 24 hours to $654.34 at 2 a.m. ET (07:00 UTC) Monday, Nov. 9, a reading for a derivative tied to a U.S. exchange-traded fund.
The contract references Invesco QQQ Trust Series 1 (QQQ), which is designed to follow the Nasdaq-100 Index. It settles in Tether (USDT), and Binance lists its trading hours as 24/7. The $654.34 reading priced the derivative before regular U.S. stock trading; it was not a quote for a QQQ share.
Earlier EconoTimes coverage of the contract examined an Oct. 21 hourly reading in which seller-initiated trades accounted for about 59% of taker volume while most tracked accounts held long positions. Binance recorded 3,168 seller-initiated contracts and 2,180 buyer-initiated contracts during that hour. Those volume figures measure contracts traded by the side initiating each transaction; the account figures measure how accounts were positioned.
