Bitget Daily Contract Market Dynamics
In the past 24 hours, BTC contracts saw a slight increase in open interest (+0.69%), while ETH contracts experienced a decrease (-2.06%). Trading volumes for both BTC and ETH dropped significantly, with ETH futures seeing a larger decline (-43.67%) compared to BTC (-21.48%). BTC experienced a higher rate of short liquidations, whereas ETH had a more balanced liquidation rate, with slightly higher long liquidations. The long/short ratios for both assets are nearly equal, although BTC shows a slight long bias and ETH a slight short bias. Financing rates for both are positive and almost identical, with BTC at 0.0090% and ETH at 0.0091%.
Bitcoin Contract Update
- Total BTC Open Interest: $39.49 billion (+0.69%)
- BTC Trading Volume (24 hours): $57.03 billion (-21.48%)
- BTC Liquidations (24 hours): $9.86 million (Long)/$17.82 million (Short)
- Long/Short Ratio: 50.09%/49.91%
- Financing Rate: 0.0090%
Ethereum Contract Update
- Total ETH Open Interest: $12.95 billion (-2.06%)
- ETH Trading Volume (24 hours): $17.73 billion (-43.67%)
- ETH Liquidations (24 hours): $10.65 million (Long)/$7.94 million (Short)
- Long/Short Ratio: 49.92%/50.08%
- Financing Rate: 0.0091%
Top 3 Increases in Open Interest
- SAFE: $19.31 million (+2194.77%)
- GOAT: $46.18 million (+192.19%)
- RAY: $10.42 million (+117.85%)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Google is building a software and hardware ecosystem to deploy its custom TPUs.
The HyperLiquid team has unstaked 2.6 million HYPE tokens, of which 609,000 were sent to an OTC platform.
Publicly listed company Prenetics increases its total bitcoin holdings to 504.