Crypto Long/Short Ratio: BTC and Altcoin Longs vs. Shorts

Taker buy / sell volume · Binance

1h · 02:00
Buy55.08%$1.24B
55.1%44.9%
Sell44.92%$1.01B

BTC long / short · 1h

Binance accounts
75.72% long
OKX accounts
70.55% long
Bybit accounts
73.01% long
Bitget accounts
81.00% long
Gate accounts
64.24% long
HTX top accounts
30.00% long
BinanceBTC/USDT · 1h
Accounts3.1275.7%24.3%
Top trader accounts3.5478.0%22.0%
Top trader positions1.7363.4%36.6%
OKXBTC/USDT · 1h
Accounts2.4070.5%29.5%
BybitBTC/USDT · 1h
Accounts2.7173.0%27.0%

BTC long / short ratio · Binance

Nov 11 00:00Nov 12 01:00Nov 13 02:00Nov 14 02:00Nov 15 03:00
Long / short ratio (bars from 1.0)BTC price

Long / short ratio by exchange

6 rows
ExchangeLongShortLong vs shortLong/Short ratioTaker buyTaker sell
75.72%24.28%75.7%24.3%3.12$1.24B$1.01B
70.55%29.45%70.5%29.5%2.40$767.90M$577.46M
73.01%26.99%73.0%27.0%2.71——
81.00%19.00%81.0%19.0%4.26——
64.24%35.76%64.2%35.8%1.80——
30.00%70.00%30.0%70.0%0.43——

The long/short ratio compares how many traders hold net long futures positions with how many hold net short ones on a given exchange: long share divided by short share. For example, if 75% of accounts are long and 25% are short, the ratio is 75 / 25 = 3.0. At 1.0 the split is even; above 1.0 long accounts outnumber short ones, and below 1.0 shorts are in the majority.

Accounts, top accounts and top positions

The three Binance series measure different things:

  • Accounts: every trader with an open position counts once, whatever its size.
  • Top trader accounts: the same headcount, limited to the exchange’s largest traders.
  • Top trader positions: the largest traders’ long versus short position size, weighted by size.

These series can diverge. In a hypothetical case, 80% of all accounts could be long while top-trader positions sit near 2.0, because a few large short positions offset many small longs. HTX reports top accounts rather than all accounts, so allow for that difference when comparing it with other exchanges.

Why a high ratio does not mean more contracts are long

Every futures contract has a buyer and a seller, so total long and short exposure in contracts is always equal. The ratio counts people, not contracts: a reading of 3.0 means the long side is spread across more accounts, often smaller ones, while the short side is concentrated in fewer hands. Pair it with aggregated open interest to see the size of the market behind those accounts.

Taker buy and sell volume

Taker volume is the value of market orders that hit the book during each interval: buy-side takers lift asks and sell-side takers hit bids. It shows who traded aggressively in that window, which can differ from who holds positions.

Limits

Each exchange calculates its own ratio, so figures are not perfectly comparable across venues. Short intervals such as 5m react quickly and can be noisy; the 1d view smooths that noise out. Leverage and entry prices sit outside the ratio, so check funding rates and liquidation data to see whether a crowded side is paying to hold its positions or being forced out of them.

Updated Nov 15, 2026 · 03:49 UTCSource: Binance, OKX, Bybit, Bitget, Gate, HTX APIsUpdates every 10 min

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Written by Crypto Desk

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