Binance USD-M Perpetual Futures Market Sees High Trading Volume for ETH, BTC, SOL and More

Data from Binance Futures reveals that the ETH/USDT, BTC/USDT, SOL/USDT, BNB/USDT, and DOGE/USDT perpetual futures trading pairs dominated the USD-M market in trading volume over the past 24 hours. Analyzing the long/short ratios of these pairings provides further insight into market sentiment. The ETH/USDT ratio stood at a 1.73 long/short, indicating robust buying interest. Conversely, BTC/USDT showed a slightly more balanced approach with a long/short ratio of 0.70 and a funding rate of 0.0057%. Similarly, the SOL/USDT market displayed a strong bullish momentum with an impressive 2.37 long/short ratio and -0.0032% funding rate.