Bitget daily future information: BTC/ETH long/short ratios are 50.12%/49.88% and 50.17%/49.83% respectively

On February 23, in the past 24 hours, the BTC futures market experienced a series of long position liquidations following a previous decline, while the ETH futures market saw more short position liquidations due to expectations of spot ETF. Major cryptocurrencies such as BTC and ETH continue to dominate the market. Investors are maintaining a balance between long and short contracts.

Regarding BTC contracts, the total open interest for BTC is $23.38 billion (-0.44%), with a 24-hour trading volume of $45.67 billion (-25.06%). The 24-hour liquidation amounts are: long positions at $21.49 million and short positions at $9.42 million (short), with a long/short ratio of 50.12%/49.88% and funding rate at 0.0108%.

As for ETH contracts, the total open interest for ETH is $10.67 billion (+1.07%), with a 24-hour trading volume of $36.57 billion (-7..04%). 

The 24-hour liquidation amounts are: long positions at $11..37 million and short positions at $18..99 million, with a long/short ratio of 50..17%/49..83%, and funding rate at 0..0121%. 

The top three tokens with the largest increase in contract holdings are SPELL: $31.98 million (+565.89%), LIT: $14.54 million (+86.68%), AXL: $7.11 million (+67.79%).