BTC Perpetual Futures Long-Short Ratio: Insights from Top 3 Derivatives Exchanges

BTC Perpetual Futures Long-Short Ratio: Insights from Top 3 Derivatives Exchanges

The long-short ratio is a widely followed indicator by traders to gauge market sentiment and potential price movements. It represents the ratio of long positions (bets that the price will go up) to short positions (bets that the price will go down). A higher ratio indicates more bullish sentiment, while a lower ratio indicates more bearish sentiment. In the cryptocurrency market, perpetual futures are a popular trading instrument that allows traders to speculate on the future price of an asset without having to take physical delivery. Here is a look at the long-short ratio of BTC perpetual futures in the past 24 hours on the world's top 3 cryptocurrency derivatives exchanges based on open interest. Overall Exchanges Long: 49.53% Short: 50.47% 1. Binance Long: 49.67% Short: 50.33% 2. OKX Long: 48.64% Short: 51.36% 3. dYdX Long: 48.81% Short: 51.19% As of now, the overall long-short ratio across the three exchanges is slightly skewed towards shorts, indicating that more traders are currently betting on the price of BTC to go down. However, it's important to note that the ratio can change rapidly, so it's crucial for traders to monitor it closely and make informed decisions based on their own analysis.