Bitcoin Futures Long/Short Ratio
Track Bitcoin perpetual futures long/short ratio across Binance, Bybit, OKX.
What is Long/Short Ratio for Bitcoin?
The Bitcoin long/short ratio compares the number of accounts holding long BTC perpetual futures positions with the number holding short positions, as reported by each exchange.
Sharpe shows the BTC ratio for Binance, Bybit, OKX, the venues that publish it.
How to read the Bitcoin Long/Short Ratio chart
A ratio above 1 means more Bitcoin accounts are long than short; below 1 means more are short.
The ratio counts accounts, not position size: one large short can outweigh many small longs. Use it as a read on retail crowding rather than net exposure.
Extremes are often read contrarian. A very high BTC ratio alongside high funding suggests crowded longs that are vulnerable to a flush.
Latest Bitcoin Long/Short Ratio snapshot
| Exchange | Long | Short | Long/Short Ratio |
|---|---|---|---|
| OKX | 70.4% | 29.6% | 2.38 |
| Binance | 70.2% | 29.8% | 2.35 |
| Bybit | 67.1% | 32.9% | 2.04 |
| Session (UTC) | OKX | Binance | Bybit |
|---|---|---|---|
| 2026-10-24 | 68.1% | 68.2% | 65.5% |
| 2026-10-25 | 67.5% | 68.2% | 65.4% |
| 2026-10-26 | 68.0% | 69.5% | 66.4% |
| 2026-10-27 | 66.1% | 67.4% | 65.8% |
| 2026-10-28 | 64.3% | 65.4% | 64.8% |
| 2026-10-29 | 68.9% | 70.3% | 66.4% |
| 2026-10-30 | 73.8% | 73.6% | 69.6% |
| 2026-10-31 | 71.4% | 72.0% | 69.3% |
| 2026-11-01 | 69.3% | 69.4% | 67.9% |
| 2026-11-02 | 70.4% | 70.2% | 67.1% |
Data last updated
Bitcoin Long/Short Ratio FAQ
What is a good Bitcoin long/short ratio?
There is no neutral target. Compare the current BTC ratio with its own history and across venues; a move to an extreme is more informative than the level.
Does the Bitcoin long/short ratio measure position size?
No. It counts accounts. Pair it with BTC open interest to see how much capital is behind the positioning.
Which exchanges publish the Bitcoin long/short ratio?
This page shows the BTC ratio from Binance, Bybit, OKX. Venues that do not publish an account ratio are not included.
Global account long share across exchanges