On March 2, the price of Bitcoin fell, falling below the $23,000 mark. This drop resulted in $237.97 million worth of long liquidations across various cryptocurrency derivatives exchanges.
In the past 24 hours, the turnover of 65 cryptocurrency derivatives exchanges reached 171 billion US dollars, an increase of 21.85% from the previous day. Both volume and open interest in Bitcoin futures increased throughout February, totaling $791 billion, with Binance accounting for $468 billion.
Total Bitcoin futures open interest peaked at $9.73 billion on February 21, 2023, but has fallen to $9.06 billion as of March 2.