Bitget Daily Contract Market Dynamics

Over the past 24 hours, the open interest in BTC contracts has significantly increased by 4.21%, while ETH contracts have grown by 2.34%. Both BTC and ETH contract trading volumes have declined, with BTC down by 30.62% and ETH down by 39.87%. The liquidation amount for BTC short positions ($19.8 million) was higher than that for long positions ($8.95 million), whereas the liquidation distribution for ETH was more balanced, with short positions totaling $11.76 million and long positions at $9.91 million. The long/short ratio for both assets is similar, with BTC slightly favoring longs (50.29%) and ETH slightly favoring shorts (50.42%). The funding rates for both assets are negative, indicating a slight premium on short positions, with BTC at -0.0017% and ETH at -0.0013%.

Bitcoin Contract Update:
Total BTC Open Interest: $29.72 billion (+4.21%)
BTC Trading Volume (24h): $55.57 billion (-30.62%)
BTC Liquidations (24h): $8.95 million (long) / $19.8 million (short)
Long/Short Ratio: 50.29%/49.71%
Funding Rate: -0.0017%

Ethereum Contract Update:
Total ETH Open Interest: $10.96 billion (+2.34%)
ETH Trading Volume (24h): $23.23 billion (-39.87%)
ETH Liquidations (24h): $9.91 million (long) / $11.76 million (short)
Long/Short Ratio: 49.58%/50.42%
Funding Rate: -0.0013%

Top 3 OI Surges:
NEIRO: $789.21 (+2823.00%)
ATH: $33.06 million (+202.11%)
BANANA: $8.17 million (+185.56%)