24 hours, the USD-M perpetual futures market on Binance has seen significant activity, with the ETH/USDT, BTC/USDT, SOL/USDT, XRP/USDT, and DOGE/USDT pairs leading in trading volume.
These pairs not only dominated in volume but also provided key insights into market sentiment through their long/short ratios and funding rates:
$ETH/USDT: The long/short ratio stood at 1.67, suggesting a bullish bias among traders. The funding rate was recorded at 0.0100%.
$BTC /USDT: Traders maintained a slightly bullish stance with a 1.37 long/short ratio and a 0.0042% funding rate.
SOL/USDT: Bullish sentiment was more pronounced here, with a high 3.59 long/short ratio and a 0.0079% funding rate.
$XRP /USDT: Similarly, XRP showed strong bullish positioning, reflected in a 3.00 long/short ratio and a 0.0025% funding rate.
$DOGE /USDT: Matching SOL, DOGE also had a 3.59 long/short ratio, with a 0.0078% funding rate, indicating heavy bullish interest.
These metrics suggest that while the overall market sentiment leans bullish—particularly for altcoins like SOL, XRP, and DOGE—traders are watching funding rates closely to manage risk and capitalize on momentum.
