Bitget Daily Derivatives Report: Slight increase in BTC and ETH open interest, trading volume significantly declines

TechFlow news, on March 8, open interest for both Bitcoin and Ethereum contracts slightly increased, while trading volume significantly declined. The long/short ratio remained balanced, but short liquidations exceeded long liquidations.

For BTC contracts, total BTC open interest reached $31.35 billion (+1.92%), 24-hour trading volume was $73.69 billion (-43.99%), 24-hour liquidation volume: $15.15 million in longs, $28.13 million in shorts, long/short ratio: 50.35%/49.65%, funding rate: 0.0331%.

For ETH contracts, total ETH open interest reached $13.13 billion (+3.21%), 24-hour trading volume was $37.89 billion (-40.00%), 24-hour liquidation volume: $16.32 million in longs, $25.53 million in shorts, long/short ratio: 51.85%/48.15%, funding rate: 0.0474%.

The top three tokens with the largest increases in contract open interest were XEC: $16.12K (+141.46%), RUNE: $121.31M (+92.89%), PHB: $46.79M (+85.42%).