Top 3 Cryptocurrency Perpetual Contracts Long-Short Ratio Analysis

IconCryptoNewsTerminal Staff09 Jul, 2024

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Top 3 Cryptocurrency Perpetual Contracts Long-Short Ratio Analysis

The long-short ratio is a measure of market sentiment, and it can be used to gauge the overall sentiment of traders in the cryptocurrency market. A high long-short ratio indicates that there are more traders who are bullish on the market, while a low long-short ratio indicates that there are more traders who are bearish on the market. According to data from CoinĀnalytics, the long-short ratio for BTC perpetual contracts on the world's top three crypto futures exchanges over the past 24 hours is as follows: All exchanges: Long 50.54% / Short 49.46% Binance: Long 51.29% / Short 48.71% OKX: Long 51.69% / Short 48.31% dYdX: Long 49.55% / Short 50.45% These readings indicate that the overall sentiment in the cryptocurrency market is slightly bullish, with more traders betting on the price of Bitcoin to continue rising. However, it is important to note that the long-short ratio is just one indicator of market sentiment, and it should not be used as the sole basis for making trading decisions.

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