Track real-time Long/Short Ratios across Binance, Bybit, Hyperliquid and other exchanges. View live BTC, ETH & SOL market sentiment to spot potential trend reversals.
Share of BTC perpetual volume that is long versus short on each exchange over the last hour
The same coin and window as the chart above: long and short shares with the dollar volume behind each side.
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1
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--.--%
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2
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How the long/short ratio for BTC, ETH and SOL shifts from the last five minutes out to 24 hours; a dashed line marks a balanced market
The most one-sided markets of the top 100 by open interest over the last 1h; a ratio above 1 means more long than short volume
Long and short volume per market over the last 5, 15 and 30 minutes; the larger side of each pair is highlighted.
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Price
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Price (24h)
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Long (5m)
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Short (5m)
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Long (15m)
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Short (15m)
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Long (30m)
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Short (30m)
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The long/short ratio in crypto represents the percentage of long and short positions relative to total open interest. It shows how market participants are positioned, helping traders assess sentiment and potential directional bias.
For example, if 70% of positions are long and 30% are short, the market is predominantly bullish. Conversely, if 60% of positions are short and 40% are long, bearish sentiment prevails. Extreme imbalances in these percentages can signal increased risk of a short or long squeeze, as overcrowded positions are more susceptible to liquidation.
Tracking the long/short ratio alongside funding rates and liquidation data provides a clearer view of market sentiment and potential turning points.
The long/short ratio is valuable because it highlights where the majority of traders are positioned. When the market becomes too skewed in one direction, the risk of a squeeze increases. For instance, if 85% of traders are long, a sharp price drop can trigger mass liquidations, accelerating the downward move. On the flip side, a high short ratio may lead to a short squeeze, where rising prices force short sellers to cover positions, pushing prices even higher.
By watching how the ratio shifts over time, traders can spot changes in sentiment and adjust their strategies accordingly.
The long/short ratio helps traders make more informed decisions by revealing whether the market is overly long or short. If the ratio shows an unusually high percentage of longs, it might indicate optimism that’s reached unsustainable levels — increasing the likelihood of a market correction. If shorts dominate, it could suggest pessimism or fear, setting the stage for a potential short squeeze if sentiment shifts.
Combining the long/short ratio with indicators like open interest, funding rates, and historical patterns can provide a clearer view of potential market moves.