TechFlow news, February 6: The derivatives market saw increases in both 24-hour trading volume and total open interest.
For BTC contracts, the total open interest reached $1.787 billion (+2.03%), with a 24-hour trading volume of $33.99 billion (+58.75%). Liquidations within 24 hours were $13.83 million for longs and $11.87 million for shorts. The long/short ratio stood at 52.02%/47.98%, with a funding rate of 0.0100%.
For ETH contracts, the total open interest was $7.73 billion (+1.83%), with a 24-hour trading volume of $13.11 billion (+31.55%). Liquidations within 24 hours amounted to $8.2 million for longs and $5.23 million for shorts. The long/short ratio was 50.32%/49.68%, with a funding rate of 0.0076%.
The top three tokens with the highest growth in contract open interest were: CEEK—$955.82K (+313.06%), LSK—$18.6 million (+199.76%), and COTI—$11.42 million (+121.16%).
