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WLFI Futures Launch With $917 Million Open Interest and $7 Million Liquidations

According to Coinglass, WLFI contracts currently show $979 million in open interest and $27.81 million in liquidations over the past 24 hours, reflecting heightened activity in the derivatives market.

Summary

WLFI futures contracts now report $979 million in total open interest, with $27.81 million in liquidations recorded over the last 24 hours, according to Coinglass data. This marks a significant increase from the initial launch figures of $917 million in open interest and $7.03 million in liquidations.

Terms & Concepts
  • Open Interest: The total value of outstanding derivative contracts, such as futures or options, that have not been settled.
  • Liquidation: The forced closure of a trader’s leveraged position when margin requirements are not met.
  • WLFI Contract: A newly launched futures contract tracked by Coinglass, reflecting derivatives trading activity in the crypto market.