Bitget Daily Contract Market Dynamics

In the past 24 hours, BTC contract trading volume has significantly increased, while total open interest has decreased. ETH contracts have also seen an increase in trading volume, with a smaller decline in open interest. The long/short ratio for both BTC and ETH futures is nearly balanced, around 50%. The funding rates for both contracts are negative, indicating bearish sentiment, with BTC at -0.0036% and ETH at -0.0088%. Although the liquidation rate for BTC is higher than ETH, both have seen more long liquidations than short liquidations.

Bitcoin Contract Update  
BTC Total Open Interest: $27.24 billion (-3.22%)  
BTC 24h Trading Volume: $185.28 billion (+62.67%)  
BTC Liquidations (24h): $174.26 million (long) / $115.5 million (short)  
Long/Short Ratio: 49.57%/50.43%  
Funding Rate: -0.0036%  

Ethereum Contract Update  
ETH Total Open Interest: $10.11 billion (-1.06%)  
ETH 24h Trading Volume: $77.29 billion (+9.47%)  
ETH Liquidations (24h): $73.02 million (long) / $63.31 million (short)  
Long/Short Ratio: 49.53%/50.47%  
Funding Rate: -0.0088%  

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Top 3 OI Surges  
STORJ: $36.96 million (+140.00%)  
FIRE: $967,250 (+130.67%)  
AKT: $1.48 million (+90.56%)