Bitget Futures Market Update: Funding Rate for Major Cryptos Near 50% APR
Bitget2024/02/27 04:14
By:Bitget
![Bitget Futures Market Update: Funding Rate for Major Cryptos Near 50% APR image 0](https://img.bgstatic.com/multiLang/web/790e0da4edc2b2fc3e41ff371fb7a020.png)
The chart shows the annualized funding rate for the top 25 cryptocurrencies by
market value. The yellow bars represent an annualized percentage rate (APR) of nearly 50%, which indicates excess bullish leverage.
The market for most coins looks overheated, with APR nearing 50%.
Excess leverage often presages mass liquidations and rapid price corrections.
Source: Velo Data
Futures Market Updates
Over the past 24 hours, the BTC futures market suffered from short position liquidations after a surge over the $54K mark. Major cryptocurrencies such as BTC and ETH still dominate the market. Investors slightly favor long contracts over short contracts.
Bitcoin Futures Updates
Total BTC Open Interest: $24.75B (+5.65%) BTC Volume (24H): $80.96B (+241.09%) BTC Liquidations (24H): $23.61M (Long)/$157.32M (Short) Long/Short Ratio: 52.80%/47.20% Funding Rate: 0.0506%
Ether Futures Updates
Total ETH Open Interest: $11.16B (-2.07%) ETH Volume (24H): $41.02B (+48.20%) ETH Liquidations (24H): $23.44M (Long)/$42.75M (Short) Long/Short Ratio: 51.48%/48.52% Funding Rate: 0.0535%
Top 3 OI Surges
DAR: $19.18M (+164.83%) AUDIO: $16.88M (+99.31%) XVG: $37.02M (+76.02%)
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Dogecoin Shows Bullish Signs as $0.2677 Target Comes into Focus
Yellow•2025/02/08 05:00
![](https://img.bgstatic.com/multiLang/web/3b93aec1f47b2ab09825ba67f9b516b8.png)
Can XRP Overcome Resistance at $2.67 for a Bullish Bounce?
Cryptotale•2025/02/08 04:32
![](https://img.bgstatic.com/multiLang/web/e4e62273460d9e78cf2baad2de70aaa7.jpeg)
Trump Pushes for Pentagon Budget Transparency with DOGE
Cryptotale•2025/02/08 03:21
![](https://img.bgstatic.com/multiLang/web/cf240a0511233c9e26ac2e0217c5ac17.jpeg)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
Bitcoin
BTC
$96,413.4
+0.02%
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
Ethereum
ETH
$2,635.03
-0.04%
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
Tether USDt
USDT
$1.0000
-0.01%
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
XRP
XRP
$2.42
+1.26%
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
Solana
SOL
$197.64
+2.23%
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
BNB
BNB
$630.59
+8.90%
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
USDC
USDC
$1.0000
+0.01%
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
Dogecoin
DOGE
$0.2521
+1.33%
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
Cardano
ADA
$0.6983
-0.91%
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)
TRON
TRX
$0.2313
-0.21%
Bitget pre-market
Buy or sell coins before they are listed, including PLUME, J, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now