Bitget Futures Market Updates

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Bitget2024/04/23 08:29

Despite an increase in total open interest for Bitcoin futures, the market sentiment remains bearish, with both BTC and ETH futures experiencing negative funding rates, indicating more short positions than long. Furthermore, the ratio of short liquidations to long liquidations is higher for both BTC and ETH futures, suggesting increased pressure on short positions. While BTC futures saw a rise in 24-hour trading volume, ETH futures witnessed a slight decline in trading volume during the same period, reflecting differing investor behaviors between the two cryptocurrencies. In spite of these fluctuations, the dominance of short positions and negative funding rates in both BTC and ETH futures markets suggests prevailing uncertainty and a cautious outlook among traders.

Bitcoin Futures Updates

Total BTC Open Interest: $31.83B (+2.59%)

BTC Volume (24H): $58.11B (+14.33%)

BTC Liquidations (24H): $8.73M (Long)/$14.63M (Short)

Long/Short Ratio: 49.99%/50.01%

Funding Rate: -0.0066%

Ether Futures Updates

Total ETH Open Interest: $10.62B (-0.06%)

ETH Volume (24H): $21.46B (+4.26%)

ETH Liquidations (24H): $7.45M (Long)/$8.08M (Short)

Long/Short Ratio: 48.75%/51.25%

Funding Rate: -0.0019%

Top 3 OI Surges

ZBCN: $3.76M (+220.48%)

MAVIA: $39.72M (+124.90%)

PRCL: $3.36M (+112.27%)

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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