Bitget Daily Contract Market Dynamics

In the past 24 hours, the open interest (OI) for BTC contracts slightly increased by 0.04%, while ETH contracts saw a slightly higher increase of 0.99%. BTC trading volume significantly decreased by 51.80%, which was a larger drop compared to ETH's 50.74%. BTC long and short liquidations were more balanced, while ETH saw more long liquidations compared to shorts. The long/short ratio for BTC was nearly equal, while ETH had a slight short bias. Both BTC and ETH funding rates were negative, with ETH's rate being more pronounced at -0.0050%, compared to BTC's -0.0011%.

Bitcoin Contract Update  
Total BTC Open Interest: $27.26 billion (+0.04%)  
BTC Trading Volume (24h): $89.28 billion (-51.80%)  
BTC Liquidation Volume (24h): $37.47 million (long) / $29.62 million (short)  
Long/Short Ratio: 50.19%/49.81%  
Funding Rate: -0.0011%

Ethereum Contract Update  
Total ETH Open Interest: $10.20 billion (+0.99%)  
ETH Trading Volume (24h): $38.06 billion (-50.74%)  
ETH Liquidation Volume (24h): $29.11 million (long) / $24.66 million (short)  
Long/Short Ratio: 49.41%/50.59%  
Funding Rate: -0.0050%

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Top 3 OI Surges  
ORCA: $1.20 million (+84.02%)  
ORBS: $13.34 million (+80.33%)  
OMNI1: $384.07 thousand (+74.24%)