NFLXUSDT Falls 2.31% to $70.26 as Open Interest Rises

The Binance Futures NFLXUSDT perpetual contract fell 2.31% to $70.26 on Oct. 10 as open interest climbed 8.79% to 87,944.76 contracts, indicating increased derivatives activity during the decline.

The contract traded between $70.13 and $72.15 over 24 hours. Its open interest had an approximate notional value of $6.71 million.

NFLXUSDT traded near the $70 level, which was cited as a target for Netflix shares. The derivative and the underlying equity are separate instruments and should not be treated as identical.

Binance launched the USDⓈ-margined perpetual contract June 9, 2026, at 5 a.m. ET (09:00 UTC). It tracks Netflix common stock but does not give holders ownership of Netflix shares.

Open interest increased as the contract price declined. That pattern can be consistent with new short positions or with longs adding during weakness, but the figures alone do not identify which positioning drove the increase.

Technical readings were mixed. The 50-day simple moving average was $75.18, while the 20-day average was $70.12. Support levels were $69.54 and $68.83, with a lower Bollinger Band at $66.67.

The one-hour taker buy/sell ratio ending at 6 a.m. ET (10 a.m. UTC) was 0.7870, based on buy volume of 119 and sell volume of 151. The eight-hour funding rate was 0.0000%.

Binance global accounts were 75.5% long and 24.5% short at 6 a.m. ET (10 a.m. UTC). The positioning data showed a long majority but did not establish how the increase in open interest was positioned.

NFLXUSDT rose 2.79% to $71.90 on Oct. 9. The contract’s prior move and latest decline are detailed in earlier NFLXUSDT coverage.