Long-short ratio for Bitcoin
Share of accounts holding long and short positions across Binance futures accounts. Above 1 means more accounts are long.
This metric is currently unavailable. It returns as soon as the source responds again. Source: Binance Futures
How to read the chart
The ratio shows how participants in the Binance futures market are split. A value of 1.5 means that for every three accounts with a long position there are two with a short position. Many traders read a clearly elevated value as a warning sign, because a one-sided market is particularly vulnerable to a move the other way.
The value comes from the latest five-minute window at Binance and is fetched again every five minutes. It therefore jumps around in the short term. More meaningful is the direction over several hours or days, ideally together with open interest and funding rates, which also describe positioning in the futures market.
How this number is produced
The share of accounts holding long and short positions across all Binance futures accounts. Above 1 means more accounts are long than short.
What it does not say
Accounts are counted, not amounts. Ten thousand small longs weigh as much here as ten thousand large ones. The metric describes the distribution of participants, not of capital.
- Source
- Binance Futures
- Update interval
- 5 min
- CC BY 4.0
- CC BY 4.0
Frequently asked questions
What does a long-short ratio above 1 mean?
More accounts hold a long position than a short position. At a value of 2, twice as many accounts are long as short. The number says nothing about the amounts involved: a few large short positions can tie up more capital than many small long positions.
Is a high long-short ratio a good sign for the price?
Not necessarily. It only shows that many accounts are betting on rising prices. Some traders read a very high value as a contrarian sign, because the mass of small accounts is often on the wrong side when the market turns. The metric is useful as a hint about positioning, not as a signal.
Why does the chart only show Binance?
Binance is one of the largest exchanges for Bitcoin futures and publishes the metric freely. Other exchanges calculate it differently or not at all, so a sum across several exchanges would not be clean. The number therefore stands for the customers of one exchange, not for the whole market.
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