Bitget Daily Contract Market Dynamics

In the past 24 hours, the open interest of BTC contracts has significantly increased by 4.55%, while ETH contracts have slightly risen by 0.42%. The trading volume of BTC has drastically decreased by 30.32%, and that of ETH even more so, dropping by 42.12%. Liquidation for BTC favors short positions with a liquidation amount of $25.65 million, whereas long position liquidations amounted to $10.18 million; ETH liquidations are more balanced with shorts at $17.63 million and longs at $12.64 million. The ratio between long and short positions for both assets is almost equal, and funding rates are close.

Bitcoin Contract Update
Total Open Interest in BTC: $29.21 billion (+4.55%)
BTC Trading Volume (24 hours): $54.37 billion (-30 .32%)
BTC Liquidation (24 hours): Long - $10 .18 million / Short - $25 .65 million
Long/Short Ratio: 50 .68%/49 .32%
Funding Rate: 0 .0063%

Ethereum Contract Update
Total Open Interest in ETH: $12 .6 billion (+0 .42%)
ETH Trading Volume (24 hours):$22 .32 billion (-42 .12%)
ETH Liquidation (24 hours): Long - $12 .64 million / Short -$17 .63million
Long/Short Ratio:49-58%/50-42%
Funding Rate :0-0067%

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Top Three OI Surges:
1000APU:$2-23million(+10035%)
100000PEIPEI:$5-37million(+8094%)
MOBILE:$1-23million(+7939%).