Bitget Futures Market Update

Both Bitcoin and Ethereum contracts have seen an increase in open interest and trading volume, but the increase in ETH contracts is more significant. BTC contract open interest grew by 0.39% to $32.25 billion, while ETH futures open interest surged by 2.20% to $15.38 billion. Similarly, BTC trading volume increased by 1.42%, whereas ETH trading volume grew by 9.09%. BTC's liquidation value is higher, with long positions at $3.34 million and short positions at $6.95 million, compared to ETH's long positions at $2.42 million and short positions at $2.77 million. The funding rates are similar, with BTC at 0.0078% and ETH slightly higher at 0.0080%.

Bitcoin Contract Update
BTC Total Open Interest: $32.25 billion (+0.39%)
BTC Trading Volume (24h): $42.35 billion (+1.42%)
BTC Liquidation Volume (24h): $3.34 million (long) / $6.95 million (short)
Long/Short Ratio: 50.02% / 49.98%
Funding Rate: 0.0078%

Ethereum Contract Update
ETH Total Open Interest: $15.38 billion (+2.20%)
ETH Trading Volume (24h): $20.53 billion (+9.09%)
ETH Liquidation Volume (24h): $2.42 million (long) / $2.77 million (short)
Long/Short Ratio: 50.58% / 49.42%
Funding Rate: 0.0080%

Top 3 OI Surges
BLAST: $11.39 million (+8980.10%)
WEN: $4,240 (+494.46%)
MOBILE: $1.97 million (+273.79%)