Long vs. Short Positions: A Closer Look at BTC Perpetual Futures on Major Exchanges

IconCryptoNewsTerminal Staff11 Jul, 2024

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Long vs. Short Positions: A Closer Look at BTC Perpetual Futures on Major Exchanges

Based on unrealized P&L, the 24-hour ratios of long and short BTC perpetual futures positions on the world's top three cryptocurrency futures exchanges are as follows: - Binance: 52% long, 48% short - OKX: 53% long, 47% short - Huobi: 51% long, 49% short These ratios indicate that a slight majority of traders on these exchanges are currently holding long positions, betting on a rise in BTC prices. However, it's important to note that these ratios can change rapidly, especially during periods of high volatility. To make informed trading decisions, it's crucial to consider these ratios alongside other market indicators, such as technical analysis and news events. By carefully monitoring the market and making calculated decisions, traders can improve their chances of success in the ever-evolving world of cryptocurrency futures trading.

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