TechFlow reports on February 2 that the Contract Volatility Degree (CVD) declined, showing negative readings for most cryptocurrencies except BTC, TRX, ATOM, and XMR, indicating certain net selling pressure.
For BTC contracts, total open interest reached $17.54 billion (+2.50%), with a 24-hour trading volume of $37.73 billion (-19.51%). The 24-hour liquidation volume was $9.2 million for longs and $17.51 million for shorts. The long-to-short ratio stood at 50.68%/49.32%, with a funding rate of 0.0075%.
For ETH contracts, total open interest reached $7.66 billion (+1.96%), with a 24-hour trading volume of $13.15 billion (-33.14%). The 24-hour liquidation volume was $5.05 million for longs and $9.02 million for shorts. The long-to-short ratio stood at 50.11%/49.89%, with a funding rate of 0.0054%.
The top three tokens with the largest increases in contract open interest were: ZETA—$27.49 million (+559.78%), PYTH—$92.88 million (+73.56%), JUP—$51.81 million (+58.45%).
