BTC Long/Short Ratio on Major Futures Exchanges: Bullish Sentiment Dominates
CryptoNewsTerminal Staff07 Aug, 2024
BTC Long/Short Ratio on Major Futures Exchanges: Bullish Sentiment Dominates
According to open interest, the long/short ratio of BTC perpetual futures on the three major cryptocurrency exchanges in the last 24 hours indicates a bullish sentiment among traders: All exchanges: Long 50.04% / Short 49.96% 1. Binance: Long 50.22% / Short 49.78% 2. OKX: Long 51.3% / Short 48.7% 3. dYdX: Long 55.32% / Short 44.68% dYdX, a decentralized exchange, exhibits the strongest bullish sentiment with a long/short ratio of 55.32%/44.68%. This suggests that a majority of traders on these exchanges expect the price of Bitcoin (BTC) to continue its upward trend in the short term. However, it is important to note that market sentiment can shift rapidly, and traders should exercise caution and conduct their own research before making any investment decisions.
