$AVA 15-minute futures open interest rose 70.84%, with an open interest value of about $731,000; the price gained 0.67% over the same period.
A beginner’s burning question: What exactly does open interest mean?
Open interest is usually calculated separately for each contract. Here, it refers to Binance USDⓈ-M perpetual futures, not the combined total across all platforms.
Open interest changed, but my position is still zero—I’m just sitting in on the class.
Rare data like this usually points to more intense volatility. This is when you should reduce leverage, not make a big bet.