Bitget Daily Contract News: Long positions worth $94.01 million and short positions worth $210 million on BTC were liquidated in the past 24 hours across the entire network.

According to BlockBeats news on February 29th, the Bitcoin futures market saw a significant increase in open interest and trading volume. At the same time, the open interest and trading volume for Ethereum futures also increased significantly. Both have dominant long positions for liquidation. In terms of BTC futures, the total open interest is $27.09 billion (+5.35%), 24-hour trading volume is $190.29 billion (+167.56%), and the 24-hour liquidation amount is long $94.01 million and short $210 million. The long/short ratio is 51.45%/48.55%, and the funding rate is 0.0794%. As for ETH futures, the total open interest is $11.66 billion (+3.95%), 24-hour trading volume is $71.23 billion (+152.86%), and the 24-hour liquidation amount is long $47.69 million and short $78.21 million. The long/short ratio is 50.86%/49.14%, and the funding rate is 0.0747%. The top three tokens with the largest increase in open interest are WAXP: $16.36 million (+111.13%), BONG: $9.39 million (+92.28%), and RATS: $2.35 million (+83.36%).