TechFlow reported on March 12 that Bitcoin open interest saw a slight increase, while 24-hour trading volume surged. At the same time, Ethereum contracts showed a similar uptick, with both open interest and 24-hour trading volume rising. The long-to-short ratios for both assets remained relatively balanced, with long liquidations exceeding short liquidations.
For BTC contracts, total open interest reached $36.28 billion (+1.25%), 24-hour trading volume hit $119.96 billion (+5.76%), and 24-hour liquidation volume amounted to $63.27 million in longs and $40.75 million in shorts. The long/short ratio stood at 50.56%/49.44%, with a funding rate of 0.0447%.
For ETH contracts, total open interest reached $13.97 billion (+3.08%), 24-hour trading volume reached $48.08 billion (+3.56%), and 24-hour liquidation volume amounted to $42.29 million in longs and $30.49 million in shorts. The long/short ratio stood at 50.88%/49.12%, with a funding rate of 0.0669%.
The top three tokens with the largest increases in contract open interest were HIFI, JOE, and FORTH.
