BTC Long-Short Ratio Indicates Neutral Market Sentiment

IconCryptoNewsTerminal Staff08 Aug, 2024

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BTC Long-Short Ratio Indicates Neutral Market Sentiment

The long-short ratio of BTC perpetual futures on the top 3 futures exchanges in the world in the last 24 hours based on open interest is as follows: - Entire exchange: Long 51.06% / Short 48.94% - 1. Binance: Long 52.23% / Short 47.77% - 2. OKX: Long 51.45% / Short 48.55% - 3. dYdX: Long 52.22% / Short 47.78% A long-short ratio close to 50/50 indicates a neutral market sentiment, where traders are neither overly bullish nor bearish. This suggests that the market is in a state of consolidation and that a breakout in either direction could occur soon. Traders should monitor the long-short ratio closely in the coming days to gauge market sentiment and identify potential trading opportunities.

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