Bitget Futures Market Updates

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Bitget2024/05/15 07:06

Both Bitcoin (BTC) and Ethereum (ETH) futures experienced significant declines in 24-hour trading volume, with BTC down by 11.20% and ETH by 7.02%. Open interest also decreased for both, with BTC falling by 1.16% and ETH by 0.47%. Despite more long liquidations occurring for both cryptocurrencies, there is a higher proportion of short positions open, reflected in BTC's long/short ratio of 49.37%/50.63% and ETH's ratio of 48.87%/51.13%. The funding rate is higher for ETH at 0.0101% compared to BTC's 0.0058%.

Bitcoin Futures Updates

Total BTC Open Interest: $29.71B (-1.16%)

BTC Volume (24H): $51.15B (-11.20%)

BTC Liquidations (24H): $30.43M (Long)/$8.47M (Short)

Long/Short Ratio: 49.37%/50.63%

Funding Rate: 0.0058%

Ether Futures Updates

Total ETH Open Interest: $10.79B (-0.47%)

ETH Volume (24H): $19.46B (-7.02%)

ETH Liquidations (24H): $18.11M (Long)/$2.99M (Short)

Long/Short Ratio: 48.87%/51.13%

Funding Rate: 0.0101%

Top 3 OI Surges

PEOPLE: $62.99M (+75.23%)

BB: $19.90M (+45.07%)

1000XEC: $5.35M (+42.28%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Data: In the past 24 hours, total liquidations across the network reached $118 millions, with long positions liquidated for $88.06 millions and short positions liquidated for $29.88 millions.

Over 1.2 million ETH have been bridged to the Linea mainnet