Bitget Futures Market Updates: $900M in Vested Tokens Set to Be Released in February

Bitget2024/02/06 06:33

By:Bitget

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Bitget Futures Market Updates: $900M in Vested Tokens Set to Be Released in February image 0

Token Unlocks reports that approximately $900 million in tokens will be released this month, including Avalanche (AVAX), Aptos (APT), The Sandbox (SAND), Optimism (OP), and Sui (SUI). Avalanche leads with the largest release of 9.5 million tokens valued at $320 million on February 22. Aptos will release 24.8 million tokens worth $233 million on February 11, primarily allocated to contributors and investors. The Sandbox will unlock 209 million tokens valued at $90 million on February 14, with a significant portion allocated to reserves. Additionally, Optimism will release 24 million OP tokens worth approximately $70 million to its core contributors and investors on February 29. Meanwhile, Sui will unlock $53 million in tokens for its community access program.

The sudden increase in token circulation can potentially impact crypto prices.

Source: Cointelegraph

Futures Market Updates

The futures markets both saw increases in 24H volume and total open interest. Major cryptocurrencies such as BTC and ETH still dominate the market. Both BTC and ETH markets maintained relatively balanced long/short ratios.

Bitcoin Futures Updates

Total BTC Open Interest: $17.87B (+2.03%)

BTC Volume (24H): $33.99B (+58.75%)

BTC Liquidations (24H): $13.83M (Long)/$11.87M (Short)

Long/Short Ratio: 52.02%/47.98%

Funding Rate: 0.0100%

Ether Futures Updates

Total ETH Open Interest: $7.73B (+1.83%)

ETH Volume (24H): $13.11B (+31.55%)

ETH Liquidations (24H): $8.20M (Long)/$5.23M (Short)

Long/Short Ratio: 50.32%/49.68%

Funding Rate: 0.0076%

Top 3 OI Surges

CEEK: $955.82K (+313.06%)

LSK: $18.60M (+199.76%)

COTI: $11.42M (+121.16%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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