Top 3 Derivatives Exchanges BTC Perpetual Futures Long/Short Ratio

IconCryptoNewsTerminal Staff11 Jun, 2024

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Top 3 Derivatives Exchanges BTC Perpetual Futures Long/Short Ratio

According to the unsettled contract, the recent 24-hour BTC perpetual futures long/short position ratio on the world's top 3 cryptocurrency futures exchanges are as follows: - Binance: long/short ratio was 1.25, with longs holding a majority position. - Huobi: long/short ratio was 1.31, also indicating a majority long position. - OKX: long/short ratio was 1.18, suggesting a more balanced distribution between long and short positions. These ratios provide insights into the market sentiment towards Bitcoin's price direction. A higher long/short ratio typically suggests bullish sentiment, while a lower ratio indicates bearish sentiment. It's important to note that these ratios can change rapidly based on market conditions and should be considered alongside other indicators for a comprehensive analysis.

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