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Bitget Daily Contract Market Dynamics

Bitget Daily Contract Market Dynamics

Bitget2024/08/27 06:03

In the past 24 hours, the open interest for BTC contracts increased slightly by 0.16%, while trading volume surged by 49.82%. The open interest for ETH contracts saw a more significant increase of 0.58%, but trading volume increased by a smaller margin of 40.28%. Both BTC and ETH contracts have more short positions than long positions, with ETH's long/short ratio slightly higher than BTC's. The long liquidation rate for both cryptocurrencies is relatively high, with ETH's long liquidation amount ($19.25 million) exceeding BTC's ($16.61 million). The funding rate for ETH contracts (0.0067%) is slightly higher than that of BTC contracts (0.0057%).

Bitcoin Contracts Update:
- BTC Total Open Interest: $33.58 billion (+0.16%)
- BTC Trading Volume (24h): $55.83 billion (+49.82%)
- BTC Liquidations (24h): $16.61 million (long) / $3.44 million (short)
- Long/Short Ratio: 49.02% / 50.98%
- Funding Rate: 0.0057%

Ethereum Contracts Update:
- ETH Total Open Interest: $11.44 billion (+0.58%)
- ETH Trading Volume (24h): $18.97 billion (+40.28%)
- ETH Liquidations (24h): $19.25 million (long) / $1.95 million (short)
- Long/Short Ratio: 48.05% / 51.95%
- Funding Rate: 0.0067%

Top 3 OI Surges:
- DOGS: $80.11 million (+801,130,546.59%)
- PHA: $1.26 million (+180.04%)
- VIDT: $22.58 million (+92.98%)

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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.

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