Bitget Daily Contract Market Dynamics

The 24-hour trading volume of Bitcoin contracts decreased by 16.86%, while the same period trading volume of Ethereum contracts increased by 2.93%. The open interest of both BTC and ETH contracts has increased, with BTC up 0.74% and ETH up 1.52%. The short liquidation (21.38 million USD) of BTC contracts is more than long liquidation (8.38 million USD), while the long liquidation (13.28 million USD) of ETH contracts is more than short liquidation (12.33 million USD). In addition, both have positive financing rates, with BTC at 0.0101% and ETH at 0.0181%.

Bitcoin Contract Update

Total Open Interest for BTC: $37 billion (+0.74%)

BTC Trading Volume (24 hours): $44 billion (-16 .86%)

BTC Liquidations Volume(24 hours): Longs - $8 Million / Shorts - $21 Million 

Long/Short Ratio:50 .26%/49 .74%

Financing Rate:0 .0101%

Ethereum Contract Update

Total Open Interest for ETH: $17 Billion (+1 .52%)

ETH Trading Volume(24 Hours):$20 Billion(+2 .93%)

ETH Liquidations Volume(24 Hours): Longs - $13 Million / Shorts - $12 Million 

Long/Short Ratio:50 .02%/49 .98%

Financing Rate:0 .0181%

Top Three OI Surges:

BENDOG:$18 Million(+11665 %)

GME:$37110(+9531 %)

CEL:$20Million(+8212%)