In the last 24 hours, the perpetual futures market has witnessed significant trading activity, particularly in the BTC/USDT, ETH/USDT, SOL/USDT, XRP/USDT, and DOGE/USDT pairs. This uptick in trading volume reflects the growing interest of traders in these digital assets. The metrics for these perpetual futures trading pairs are particularly telling: - **BTC/USDT** has recorded a long/short ratio of 1.84 and a funding rate of 0.0024%, indicating a bullish sentiment among traders as they anticipate upward price movement. - **ETH/USDT** shows a larger long/short ratio of 4.82, though a negative funding rate of -0.0009% suggests some traders might be hedging against future declines. - Moving to **SOL/USDT**, we see a long/short ratio of 2.07 coupled with a funding rate of -0.0062%, further underscoring the nuances of trader sentiment in this segment. - The **XRP/USDT** pair has a long/short ratio of 2.58 and a funding rate of -0.0019%, implying traders are split on the asset's direction, while **DOGE/USDT** sees a long/short ratio of 3.12 and a funding rate of 0.0008%, evidencing a level of confidence among traders. Overall, these figures not only highlight the active trading environment within the perpetual futures market but also indicate varied sentiment levels among traders regarding future price movements of these leading cryptocurrencies.
Keeping a close eye on the fluctuating metrics can provide valuable insights for both seasoned and novice traders looking to engage in this dynamic market..