TechFlow news, on March 7, due to Bitcoin's price surge causing significant fluctuations in funding rates, both long and short positions faced liquidation.
For BTC contracts: total BTC open interest stood at $30.72 billion (-1.60%), with a 24-hour trading volume of $13.113 billion (-39.33%). The 24-hour liquidation volume was $5.541 million for longs and $5.928 million for shorts, resulting in a long/short ratio of 51.09%/48.91%, with a funding rate of 0.0318%.
For ETH contracts: total ETH open interest reached $12.71 billion (+4.13%), with a 24-hour trading volume of $6.318 billion (-34.25%). The 24-hour liquidation volume was $3.378 million for longs and $3.995 million for shorts, resulting in a long/short ratio of 51.67%/48.33%, with a funding rate of 0.0325%.
The top three tokens with the highest increases in contract open interest were: PHB: $28.28 million (+199.07%), RSR: $29.72 million (+111.75%), CVC: $4.04 million (+86.07%).
