Most Binance global accounts tracked in a Nov. 5 snapshot were long a Micron-linked futures contract, while open interest in the product fell 28.23% over 24 hours.
In the Nov. 5 09:00 UTC reading (4 a.m. ET), 88.5% of global accounts were classified as long. For top-trader accounts, the corresponding long share was 91.6%.
A $781.21 quote left the contract down 9.85% over the preceding 24 hours. Over 24 hours, turnover reached $1.19 billion as the contract traded between $762.69 and $874.52.
Funding transfers over the eight-hour period were set at 0.0457%, flowing from long holders to short holders. Open interest counts contracts still active, while volume measures trading over a period. Each open futures contract has both a long and a short side, so the account reading does not mean short positions were absent.
That quote is for the Binance-linked derivative and does not establish Micron’s share price.
