TechFlow news: On February 23, BTC futures markets experienced a series of long position liquidations following a price drop, while ETH futures markets saw significant short covering due to expectations around a spot ETF. Major cryptocurrencies such as BTC and ETH continue to dominate the market. Investors remain balanced between long and short positions.
Regarding BTC contracts, total open interest stood at $2.338 billion (-0.44%), with a 24-hour trading volume of $4.567 billion (-25.06%). Liquidation volume over the past 24 hours was $21.49 million for longs and $9.42 million for shorts. The long-to-short ratio was 50.12%/49.88%, with a funding rate of 0.0108%.
For ETH contracts, total open interest reached $1.067 billion (+1.07%), with a 24-hour trading volume of $3.657 billion (-7.04%). Liquidation volume over the past 24 hours was $11.37 million for longs and $18.99 million for shorts. The long-to-short ratio was 50.17%/49.83%, with a funding rate of 0.0121%.
The top three tokens by open interest growth were SPELL: $31.98 million (+565.89%), LIT: $14.54 million (+86.68%), and AXL: $7.11 million (+67.79%).
