In the last 24 hours, significant trading activity has been observed across several key trading pairs in the USD-M perpetual futures market. The pairs BTC/USDT, ETH/USDT, SOL/USDT, BMT/USDT, and XRP/USDT have led the market in terms of trading volume, demonstrating strong investor interest and market dynamics.
An in-depth analysis reveals that the BTC/USDT perpetual futures exhibit a long/short ratio of 2.11 with a funding rate of 0.0069%. This indicates a bullish sentiment among traders, as more participants are inclined towards long positions. The ETH/USDT perpetual futures present even stronger bullish indicators with a long/short ratio of 3.6 and a funding rate of 0.0096%.
This reflects a robust demand for Ethereum in the current market climate. On the other hand, the SOL/USDT futures show a long/short ratio of 4.31, further emphasizing bullish activity, although the funding rate remains low at 0.0069%. The BMT/USDT pair, however, presents a contrasting scenario with a long/short ratio of 0.8 and a negative funding rate of -0.1279%, suggesting that traders are less optimistic about this particular pair.
Finally, the XRP/USDT futures report a long/short ratio of 2.45 alongside a slightly negative funding rate of -0.0030%. This mixed sentiment is indicative of varying investor opinions on Ripple's performance in the perpetual futures market. Overall, the data highlights significant trends in trader sentiment and the dynamics at play within these leading trading pairs..