BTC Perpetual Futures Long/Short Ratio for Top Crypto Exchanges
CryptoNewsTerminal Staff11 Aug, 2024
BTC Perpetual Futures Long/Short Ratio for Top Crypto Exchanges
The recent 24-hour BTC perpetual futures long and short position ratio on the world's top 3 cryptocurrency derivative exchanges is as follows: Overall Exchanges: Long 48.3% / Short 51.7% 1.Binance: Long 48.5% / Short 51.5% 2.OKX: Long 47.82% / Short 52.18% 3.dYdX: Long 50.2% / Short 49.8% The long/short ratio is an indicator of market sentiment, with a higher ratio indicating more bullish sentiment and a lower ratio indicating more bearish sentiment. The current ratio of 48.3% long to 51.7% short suggests that the market is slightly bearish. However, it is important to note that the long/short ratio is just one data point and should not be used as the sole basis for making trading decisions.
