Bitget Daily Contract Market Dynamics

Bitcoin is consolidating sideways instead of maintaining an upward trend, leading to liquidations on both long and short sides.

Bitcoin Contract Update
Total outstanding Bitcoin contracts: $28.6 billion (-0.57%)
Bitcoin trading volume (24H): $53.02 billion (+9.48%)
Bitcoin liquidation (24H): $183.5 million (long)/$172.1 million (short)
Long/Short ratio: 49.59%/50.41%
Funding rate: 0.0081%

Ethereum Contract Update
Total outstanding Ethereum contracts: $12.55 billion (+0.72%)
Ethereum trading volume (24H): $21.11 billion (-0.03%)
Ethereum liquidation (24H): $233 million(long)/$91 million(short) 
Long/Short ratio: 49.52%/50 .48%
Funding rate: 0 .0033%

Top 3 Increases in Outstanding Contracts
SC: $4 .93 million (+392 .84%) 
RATS :$2 .75million(+105 .29%) 
MAVIA:$17 .22million(+69 .45%)