BTC Perpetual Futures Long/Short Ratios on Major Exchanges

IconCryptoNewsTerminal Staff02 Jul, 2024

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BTC Perpetual Futures Long/Short Ratios on Major Exchanges

According to the unsettled contract basis, the BTC perpetual futures long/short position ratios on the top three global cryptocurrency futures exchanges in the past 24 hours are as follows: All exchanges: Long 47.23% / Short 52.77% Binance: Long 47.83% / Short 52.17% OKX: Long 46.98% / Short 53.02% dYdX: Long 42.27% / Short 57.73% These ratios indicate that there are slightly more short positions than long positions in the BTC perpetual futures market, suggesting that traders are slightly bearish on the short-term price of Bitcoin. However, it's important to note that these ratios can change rapidly, and they should not be taken as a definitive indicator of the future price of Bitcoin.

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