Binance Futures Contract Linked to Micron (MU) Falls 9.85% as Open Interest Drops 28.23%

A Binance futures contract associated with Micron (MU) fell 9.85% over 24 hours to $781.21 in Thursday’s snapshot, while open interest dropped 28.23%. The decline was consistent with traders closing positions or being liquidated after the selloff.

Trading ranged from $762.69 to $874.52, with 24-hour volume of $1.19 billion. Open interest stood at 248,902.03 contracts, with a daily value of $141,582,087.

The contract was below its seven-, 20-, 50- and 200-day moving averages, as well as its 12- and 26-period exponential moving averages. It also traded below the lower Bollinger Band at $798.69. The relative strength index was 32.28; Stochastic %K was 8.06 and %D was 6.45.

At 4 a.m. ET (09:00 UTC) Thursday, 88.5% of Binance global accounts were long, while 91.6% of top-trader accounts were long. The eight-hour funding rate was 0.0457%, meaning longs paid shorts. The taker buy/sell ratio was 0.9568, indicating nearly even flow.

Listed levels included a pivot at $806.14, immediate support at $737.76 and strong support at $694.31. Immediate resistance was $849.59, with strong resistance at $917.97. The $781.21 figure is for the Binance futures contract associated with Micron, not a verified price for Micron shares.