BTC Futures: Long-Short Ratio on Binance, OKX, and dYdX
CryptoNewsTerminal Staff10 Jun, 2024
BTC Futures: Long-Short Ratio on Binance, OKX, and dYdX
Based on open interest, the recent 24-hour long-short position ratio of BTC perpetual futures on the world's top 3 cryptocurrency futures exchanges is as follows: Total exchange: Long 50.14% / Short 49.86% Binance: Long 50.18% / Short 49.82% OKX: Long 50.19% / Short 49.81% dYdX: Long 51.98% / Short 48.02% The long-short ratio refers to the relative amount of open interest in long and short positions on a futures contract. A high long-short ratio indicates that more traders are betting on the asset's price to rise, while a low long-short ratio indicates that more traders are betting on the asset's price to fall. The current long-short ratio on Binance, OKX, and dYdX suggests that a slight majority of traders are currently betting on the price of BTC to rise. However, it is important to note that the long-short ratio can change rapidly, so it is important to monitor it over time to get a better sense of trader sentiment.
