Bitget Futures Market Update: Funding Rate for Major Cryptos Near 50% APR
Bitget2024/02/27 04:14
By:Bitget
 
  
    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: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Price predictions 11/3: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Cointelegraph•2025/11/04 03:18

Is the Web3 industry entering a "new era of compliance"? Are we pursuing the wrong kind of "mass adoption"?
As traditional financial institutions are actively promoting the large-scale adoption of blockchain technology, should the Web3 industry also reconsider its own development direction?
菠菜菠菜•2025/11/04 02:09

Trending news
MoreCrypto prices
MoreBitcoin
BTC
$106,913.95
-0.89%
Ethereum
ETH
$3,636.97
-2.82%
Tether USDt
USDT
$0.9998
-0.01%
XRP
XRP
$2.35
-3.56%
BNB
BNB
$997.17
-4.08%
Solana
SOL
$166.17
-6.60%
USDC
USDC
$0.9997
-0.00%
TRON
TRX
$0.2847
-2.99%
Dogecoin
DOGE
$0.1706
-2.41%
Cardano
ADA
$0.5608
-2.17%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now