Bitget Daily Contract Market Dynamics

Bitcoin's price drop caught more long positions off guard, but interest in long positions remains.

Bitcoin Contract Update

• Total Open Interest: $33.25B (-0.01%)
• 24-Hour Trading Volume: $50.68B (+0.53%)
• 24-Hour Liquidations: $40.68M (Long) / $2.32M (Short)
• Long/Short Ratio: 48.40% / 51.60%
• Funding Rate: 0.0077%

Ethereum Contract Update

• Total Open Interest: $11.61B (+2.38%)
• 24-Hour Trading Volume: $22.54B (+2.83%)
• 24-Hour Liquidations: $27.76M (Long) / $4.13M (Short)
• Long/Short Ratio: 49.06% / 50.94%
• Funding Rate: 0.0114%

Top 3 Open Interest Gainers

• BABYDOGE: $1.72M (+179.80%)
• OG: $17.75M (+148.45%)
• AKRO: $1.66M (+90.31%)