SPDR S&P 500 Tokenized ETF Gains 0.73% as Open Interest Falls 4.66%

The SPDR S&P 500 Tokenized ETF (SPY) gained 0.73% over its reported 24-hour window as futures open interest fell 4.66%, leaving price and derivatives signals mixed.

The period-end figure was $757.58, and the trading range was $745.56 to $759.37. SPY finished above its 200-day simple moving average at $753.25, but below its seven-day, 20-day and 50-day averages, as well as its 12-day and 26-day exponential moving averages.

The 14-day Relative Strength Index was 41.11, while the Moving Average Convergence Divergence histogram was flat at 0.0000.

At 3 a.m. ET (08:00 UTC) Wednesday, Binance global accounts were 62.4% long and 37.6% short. Top-trader accounts were 61.8% long and 38.2% short at the same time. The funding rate was positive at 0.025%, meaning long holders paid short holders.

The one-hour taker buy/sell ratio was 1.1056, based on buy volume of 2,533 against sell volume of 2,291. Open interest declined to 42,680.81 contracts, with a reported value of $30,110,017, leaving the long positioning alongside a smaller derivatives base.

The pivot was $754.17, with immediate support at $748.97 and stronger support at $740.36. Immediate resistance stood at $762.78, near the 20-day average at $763.93; stronger resistance was $767.98.