Binance QQQUSDT Perpetual Falls 2.52% to $711.70 in 24 Hours

Binance’s QQQUSDT perpetual contract was listed at $711.70 after a 2.52% 24-hour decline, below its listed lower Bollinger Band of $714.51. The contract references Invesco QQQ Trust Series 1 but is a separate USDT-settled derivative, not the exchange-traded fund itself. The listed 24-hour range was $708.77 to $730.39. Other technical readings included a Stochastic %K of 5.37, a %D of 4.30 and a relative strength index of 32.57. At 5 a.m. ET (09:00 UTC) Oct. 17, open interest stood at 149,251.75 contracts, with a notional value of $110,627,222, up 3.55% over 24 hours. Tracked accounts were 68.7% long and 31.3% short, producing a global long/short ratio of 2.1969. Those figures describe account positioning in the contract, not QQQ fund shareholders or institutional flows.

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