In an Oct. 17 market snapshot, Binance’s QQQUSDT perpetual was quoted at $711.70, down 2.52% over 24 hours and beneath the $714.51 lower Bollinger Band.
The derivative’s open interest totaled 149,251.75 contracts, representing $110,627,222 in notional value, 3.55% higher than 24 hours earlier. At 5 a.m. ET (09:00 UTC), 68.7% of tracked accounts were long and 31.3% short, corresponding to a 2.1969 ratio; prices spanned $708.77 to $730.39, and the relative strength index was 32.57.
Binance’s official launch notice says QQQUSDT tracks Invesco QQQ Trust Series 1 and settles in Tether (USDT). The contract is separate from the fund: holding a position does not confer fund shares, and its account breakdown does not measure ETF shareholders or institutional flows.
An earlier EconoTimes snapshot from Oct. 16 showed QQQUSDT up 0.98% as open interest fell 4.51%. A separate Oct. 14 display showed $745.14, but no capture time accompanied it, so it does not establish a directly comparable move.
