Bitget future market information: The total liquidation volume of BTC in the past 24 hours, long positions amount to $94.01 million, and short positions reach $210 million

On February 29th, the Bitcoin futures market saw a significant increase in open interest and trading volume. At the same time, Ethereum futures also experienced growth in open interest and a substantial increase in trading volume. Both have dominant long positions leading to liquidation.

For BTC contracts, the total open interest is $27.09 billion (+5.35%), with a 24-hour trading volume of $190.29 billion (+167.56%). The 24-hour liquidation amounts are: long positions at $94.01 million and short positions at $210 million, with a long/short ratio of 51.45%/48.55% and funding rate of 0.0794%.

Regarding ETH contracts, the total open interest is $11.66 billion (+3.95%), with a 24-hour trading volume of $71.23 billion (+152.86%). The 24-hour liquidation amounts are: long positions at $47.69 million and short positions at $78.21 million, with a long/short ratio of 50..86%/49.14% and funding rate of 0.0747%.

The top three tokens with the highest percentage increase in open interest are WAXP: +$16.36M (111.13%), BONG: +$9.39M (92.28%), RATS: +$2.35M (83.36%).