Bitcoin Futures Traders Tip Slightly Bearish Stance
Bitcoin perpetual futures traders have shown a slight bearish bias over the past 24 hours, according to data from three of the largest crypto futures exchanges by open interest. The aggregate long/short ratio across Binance, OKX, and Bybit stands at 49.72% long versus 50.28% short.
This reflects a marginal preference for short positions among leveraged traders. Each exchange shows a similar pattern: Binance has 48.86% long and 51.14% short, OKX has 48.73% long and 51.27% short, and Bybit has a slightly more balanced ratio at 49.29% long and 50.71% short.
The ratios are based on open interest, meaning they account for all active positions, not just new trades in the past 24 hours. Perpetual futures are widely used by both retail and institutional traders to express short-term views or hedge existing spot positions.