Bitget Daily Contract Market Dynamics

Traders are generally bearish on BTC and ETH, expecting further declines.

Bitcoin Contract Update:

• Total BTC Open Interest: $28.18B (-12.83%)
• BTC Trading Volume (24H): $115.73B (+115.24%)
• BTC Liquidations (24H): $214.30M (Longs) / $35.38M (Shorts)
• Long/Short Ratio: 47.93%/52.07%
• Funding Rate: 0.0020%

Ethereum Contract Update:

• Total ETH Open Interest: $10.19B (-23.00%)
• ETH Trading Volume (24H): $72.27B (+198.44%)
• ETH Liquidations (24H): $270.09M (Longs) / $38.62M (Shorts)
• Long/Short Ratio: 47.33%/52.67%
• Funding Rate: -0.0259%

Top Three Increases in Open Interest:

• BAKE: $35.86M (+41.31%)
• GFT: $19.58M (+30.74%)
• USDC: $10.02M (+26.33%)