A 0.98% advance in Binance’s QQQUSDT perpetual on Oct. 16 coincided with a 4.51% contraction in open interest, though the snapshot does not identify which positions closed.
Its reported 24-hour price was $729.64. The snapshot showed 147,922 contracts open, with notional value of about $105.6 million. It does not identify whether long or short positions accounted for the decline.
The contract traded below all five tracked moving averages, which ranged from $731.03 to $745.83. Its 14-period relative strength index was 41.94, and its moving average convergence divergence histogram was zero. The chart listed support at $720.51 and resistance at $735.28.
The derivative settles in Tether (USDT) and tracks Invesco QQQ Trust, Series 1 (QQQ), an exchange-traded fund designed to follow the Nasdaq-100. Holding the contract does not confer shares in the fund. Its continuously traded 24-hour reading is distinct from QQQ’s regular-session closing price.
