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#Gate广场五月交易分享 Derivatives Market Depth Analysis
Perpetual Contract Market: The current open interest (OI) for BTC is about $54 billion, at a historically high level. Within 24 hours after the FOMC, 122,173 traders were forced to liquidate, with a total liquidation amount of $535 million, including $372 million long liquidations and $162.5 million short liquidations — longs are the main victims of this round of decline, and they are not few.
The largest single liquidation occurred on Bn's ETHUSDT perpetual contract, amounting to $7.9 million.
Regarding funding rates, ETH previously exper