BTC Perpetual Futures Long/Short Ratio: Top 3 Exchanges

IconCryptoNewsTerminal Staff17 Jun, 2024

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BTC Perpetual Futures Long/Short Ratio: Top 3 Exchanges

Based on open interest, the long-short position ratio of BTC perpetual futures on the world's top three cryptocurrency futures exchanges over the past 24 hours is as follows: All exchanges: Long 50.09% / Short 49.91% Binance: Long 50% / Short 50% OKX: Long 50.01% / Short 49.99% dYdX: Long 54.28% / Short 45.72% These ratios offer insight into the current market sentiment towards Bitcoin. A higher long-short ratio indicates that more traders are betting on BTC's price to rise (bullish), while a lower ratio suggests a bearish sentiment. Currently, the overall ratio is slightly in favor of long positions, suggesting that more traders are optimistic about Bitcoin's near-term prospects. However, it's important to note that these ratios can change rapidly and should not be relied upon as the sole indicator of market sentiment.

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