Live market data
Crypto long/short ratio
How trader accounts are split between long and short right now on three of the biggest futures exchanges, and how to read it without reading too much into it.
Updated · from Binance, Bybit and OKX · refreshed every 5 minutes
BTC Bitcoin
67.2% long
Of accounts, the median of 3 exchanges. The crowd is leaning hard long.
- Long/short ratio
- 2.05
- Top traders long, by position
- 62.3%
- Taker buy/sell ratio
- 0.78
ETH Ethereum
72.1% long
Of accounts, the median of 3 exchanges. The crowd is leaning hard long.
- Long/short ratio
- 2.58
- Top traders long, by position
- 62.7%
- Taker buy/sell ratio
- 0.69
XRP XRP
77.4% long
Of accounts, the median of 3 exchanges. The crowd is leaning hard long.
- Long/short ratio
- 3.43
- Top traders long, by position
- 65.6%
- Taker buy/sell ratio
- 0.93
SOL Solana
74.6% long
Of accounts, the median of 3 exchanges. The crowd is leaning hard long.
- Long/short ratio
- 2.93
- Top traders long, by position
- 69.0%
- Taker buy/sell ratio
- 0.69
Accounts long, by exchange
| Exchange | BTC | ETH | XRP | SOL |
|---|---|---|---|---|
| Binance accounts long | 67.2% | 75.3% | 75.3% | 73.8% |
| Bybit accounts long | 65.2% | 72.1% | 79.5% | 76.3% |
| OKX accounts long | 67.3% | 69.6% | 77.4% | 74.6% |
| Median of the three | 67.2% | 72.1% | 77.4% | 74.6% |
Top traders and takers
From Binance: the biggest accounts weighted by position size, and aggressive buying against aggressive selling.
| Exchange | BTC | ETH | XRP | SOL |
|---|---|---|---|---|
| Top traders long, by position | 62.3% | 62.7% | 65.6% | 69.0% |
| Taker buy/sell ratio | 0.78 | 0.69 | 0.93 | 0.69 |
The last 7 days
The median of the three exchanges, read every hour. Each chart is scaled to its own range; a dashed line marks 50%, an even split, when it is in view.
BTCNow 67.2% ETHNow 72.1% XRPNow 77.4% SOLNow 74.6%
What the long/short ratio is
The share of trader accounts holding a long position against the share holding a short. At 70% long, seven in ten accounts are long, and the ratio is 70 divided by 30, or 2.33. It counts accounts, not money: one large short can outweigh a thousand small longs.
How to read it
- Above about 65% long, the crowd is leaning hard long. Below about 35%, it is leaning hard short. In between, it is fairly balanced.
- Each exchange has its own crowd, so the same coin can read 70% on one and 78% on another. Compare an exchange with its own history, not with the others.
- Top traders are the biggest accounts by margin balance, and their figure is weighted by position size, so it follows the money rather than the head count. When they lean differently from the crowd, the two disagree.
- The taker ratio compares aggressive buying with aggressive selling in the last few minutes. Above 1, market buys are bigger.
A crowded side is where liquidations stack up, which is why a lopsided ratio matters. It still says nothing about timing: a crowd can stay crowded for weeks.
Where the numbers come from
Binance, Bybit and OKX publish the share of accounts long on their perpetual futures. We read all three every 15 minutes and show the median of the three as the headline, so no single exchange's crowd sets the number. Top-trader and taker figures come from Binance and refresh every 5 minutes.
Common questions
Is a high long ratio bearish?
Not by itself. A crowd leaning hard one way means more positions that can be forced out if price turns, and that has come before sharp moves against the crowd. It has also lasted for weeks while price kept going. Use it as context with funding and open interest, never as a trade on its own.
If most accounts are long, who holds the shorts?
Fewer accounts with bigger positions. Every long contract has a short on the other side, so when 70% of accounts are long, the 30% that are short hold, on average, larger positions.
Why does each exchange show a different number?
Different exchanges have different users, with different habits and account sizes. That is why the page shows each one and a median, and why the trend on one exchange tells you more than the gap between two.