Bitcoin Perpetual Futures Long and Short Ratio on 3 Major Cryptocurrency Exchanges
CryptoNewsTerminal Staff19 Sep, 2024
Bitcoin Perpetual Futures Long and Short Ratio on 3 Major Cryptocurrency Exchanges
Here is the long and short position ratio of the BTC perpetual futures on the three major global cryptocurrency futures exchanges based on open interest in the past 24 hours. BitMEX Long/Short Ratio: 0.81 Open Interest: $1.2 billion Binance Long/Short Ratio: 1.04 Open Interest: $800 million Huobi Long/Short Ratio: 1.13 Open Interest: $600 million As of the time of writing, the majority of traders on these three exchanges are holding long positions, indicating that they are bullish on the price of Bitcoin. The open interest on all three exchanges has also increased in the past 24 hours, suggesting that more traders are entering the market. It is important to note that the long/short ratio is just one indicator that traders can use to make informed decisions. Other factors to consider include the price of Bitcoin, the overall market sentiment, and the technical indicators.
