Bitget Daily Contract Market Dynamics

As Bitcoin climbs to $57,000, the long positions in the perpetual contract market increase, showing a bullish sentiment.

Bitcoin Contract Update
Total outstanding Bitcoin contracts: $27.83 billion (+1.99%)
Bitcoin trading volume (24 hours): $78.11 billion (+39.13%)
Bitcoin liquidation volume (24 hours): $48.8 million (long) / $87.68 million (short)
Long/Short ratio: 50.55%/49.45%
Funding rate: 0.0074%

Ethereum Contract Update
Total outstanding Ethereum contracts: $12.45 billion (+6.34%)
Ethereum trading volume (24 hours): $38.41 billion (+59.73%)
Ethereum liquidation volume (24 hours): $23.14 million (long) /$45 .3 million(short)
Long/Short ratio: 49 .73%/50 .27%
Funding rate: 0 .0052%

Top three increases in open contracts
BOND :$27 .63million(+243 .94 % )
WEN :$1910(+80 .09 % )
DYM :$18 .42million(+70 .55 % )