---
title: "Bitcoin Futures Funding Declines as Open Interest Rises Amid U.S. Labor Report"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278263595.md"
description: "Bitcoin perpetual futures funding rates dropped to about -6% on February 28, while BTC-denominated open interest rose from 113,380 BTC to 120,260 BTC. This suggests a bearish sentiment ahead of a U.S. labor report, which showed a decline in nonfarm payrolls by 92,000 and an increase in unemployment to 4.4%. These figures highlight the effects of macroeconomic shocks on leveraged positions in the cryptocurrency market."
datetime: "2026-03-08T11:22:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278263595.md)
  - [en](https://longbridge.com/en/news/278263595.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278263595.md)
generator: "portal-rs"
---

# Bitcoin Futures Funding Declines as Open Interest Rises Amid U.S. Labor Report

Bitcoin perpetual futures funding rates fell to approximately -6% on February 28, while BTC-denominated open interest increased from around 113,380 BTC to 120,260 BTC. According to NS3.AI, this indicates a strong bearish positioning ahead of a U.S. labor report. The report revealed a decrease in nonfarm payrolls by 92,000 and an increase in unemployment to 4.4%, illustrating the impact of macroeconomic shocks on leveraged positions in the cryptocurrency market.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**