Indicator notes｜$AVA ｜15-minute open interest +8.45%｜Price +0.39%
First, a definition: Open interest is the total number of contracts that are still open in the market. It measures the number of contracts, not trading volume.
How to read it: Open interest varies greatly across different coins. It’s not unusual for smaller coins to see sharp short-term swings in open interest, while moves of the same magnitude are much rarer for top coins.
Comparing several indicators is more reliable than looking at just one, but even more indicators still can’t give you a definitive answer.
Just something to look at—don’t buy based on it. Make your own decisions.
First, a definition: Open interest is the total number of contracts that are still open in the market. It measures the number of contracts, not trading volume.
How to read it: Open interest varies greatly across different coins. It’s not unusual for smaller coins to see sharp short-term swings in open interest, while moves of the same magnitude are much rarer for top coins.
Comparing several indicators is more reliable than looking at just one, but even more indicators still can’t give you a definitive answer.
Just something to look at—don’t buy based on it. Make your own decisions.