Binance NFLXUSDT Quote Sits Below Four Longer Moving Averages

Binance’s Netflix-linked NFLXUSDT perpetual was quoted below four longer moving averages in a Nov. 3 reading, while its seven-day average sat just beneath the $62.39 price.

The seven-day simple moving average was $62.36. The 12-day exponential moving average stood at $63.61, followed by the 20-day simple moving average at $65.62, the 26-day exponential moving average at $65.82 and the 50-day simple moving average at $68.89. The contract’s 24-hour range was $61.86 to $63.03.

The relative strength index was 32.18, near the conventional oversold threshold of 30. The stochastic oscillator’s %K reading was 13.57 and its %D reading was 10.86, both below the conventional threshold of 20. These indicators describe past price movement; they do not establish where the contract will trade next.

At 5 a.m. ET (10:00 UTC) on Nov. 3, 70.6% of Binance global accounts holding NFLXUSDT were long, compared with 29.4% short. Among accounts in its top-trader group, 78.6% were long and 21.4% were short.

Reported taker-sell volume over the measured one-hour period was 2,962 contracts, versus taker-buy volume of 2,714 contracts. Open interest stood at 136,717.04 contracts, or about $8.66 million in notional value, up 0.94% over 24 hours. The eight-hour funding rate was 0.0000%.

NFLXUSDT is a perpetual futures contract that tracks Netflix common stock and settles in Tether USDt (USDT). Binance launched it on June 9, and trading is available around the clock. Holding the contract does not mean owning a Netflix share.

The futures contract is also separate from Binance’s NFLXB spot token. That distinction matters when reading the market figures: the $62.39 quote and the positioning data refer to NFLXUSDT, not to Netflix shares or NFLXB.