Mainstream CEX's Perpetual Contract has reached the minimum negative fee rate, resulting in $2.07 million in liquidations in the past 24 hours.

BlockBeats News, April 18th, according to Coinglass data, the T (Threshold) perpetual contract on major CEXs has reached the maximum negative fee rate, with Binance at -3%, and other major exchanges such as OKX, Gate.io, Bybit, and Bitget at -2%.

According to HTX market information, T (Threshold) is currently trading at $0.021, with a 24-hour increase of 44.5%. The total trading volume of T contracts across the network is currently reported at $1.03 billion in the past 24 hours, with a 10614% increase. The total open interest of contracts across the network is $65.08 million. In the past 24 hours, T contract liquidation amounted to $2.07 million, with short positions liquidated at $1.57 million.

Binance will adjust the settlement frequency of the T (Threshold) U inverse perpetual contract funding rate to once every two hours starting at 22:00 on April 18th (Beijing time).