Bitcoin & Crypto Long/Short Ratio
1.06 Bitcoin long/short ratio over 1h · 51.5% of taker volume long · 24h 1.02 · BTC $79,729
Bitcoin long/short ratio today
On , 52% of Bitcoin taker volume over the last hour was buying, a long/short ratio of 1.06, against 51% (1.02) over 24 hours. BingX leans most long at 58% and HTX most short at 35% (1 hour).
Bitcoin long/short ratio by exchange
52.4% long across 18 exchanges · 8 of 11 large venues lean long
Binance$198.2M25.7%52.6%1.11
OKX$142.6M18.5%51.3%1.05
Bybit$88.8M11.5%55.3%1.24
Gate.io$65.7M8.5%49.6%0.98
Hyperliquid$48.7M6.3%55.2%1.23
MEXC$42.8M5.5%53.3%1.14
Bitget$40.5M5.3%56.4%1.29
Lighter$30.5M4.0%49.5%0.98
Deribit$24.2M3.1%51.3%1.05
BingX$15.5M2.0%57.6%1.36
HTX$8.2M1.1%35.4%0.55
WhiteBIT$5.2M0.7%43.9%0.78- 6 others$12.1M1.6%44.6%0.80
By timeframe
Long share of taker volume per window · the last hour is 1.0 points more long than the day
Bitcoin long vs short liquidations
Which side was forced out each day: shorts above the line, longs below, with the BTC price
Crypto long/short map
Top 60 coins by taker volume (area by its square root, so small coins stay readable), coloured by long share: green long, red short
Where the lean is changing
Long share over the last hour against the last 24 hours
Turning long
OP44% 61%+16.8
APT43% 54%+10.6
GRASS53% 63%+10.6
STRK43% 53%+9.8
TRX39% 49%+9.7
UNI51% 59%+8.3
LTC47% 55%+8.0
Turning short
PENDLE
ETHFI
TRUMP
ETC
DOTLong/short ratio by coin
50.0% of the last 24 hours’ taker volume was long across 135 crypto coins ($98.43B) · 34 coins lean long
| # | Coin | Price 24h | L/S 1h | L/S 4h | L/S 24h | Taker volume 24h | Funding | Liquidations 24h |
|---|---|---|---|---|---|---|---|---|
| 1 | BTC | −0.28% | 1.06 | 0.96 | 1.02 | $42.58B | +0.0094% | $35.9M 52% L |
| 2 |  ETH | −0.01% | 0.96 | 1.01 | 1.01 | $27.45B | +0.0078% | $24.8M 52% L |
| 3 |  ZEC | +1.98% | 1.01 | 1.02 | 1.05 | $5.96B | +0.0097% | $4.3M 29% L |
| 4 |  SOL | −0.70% | 1.04 | 0.99 | 1.04 | $4.77B | +0.0080% | $4.7M 73% L |
| 5 |  HYPE | +2.89% | 0.97 | 0.85 | 0.97 | $2.00B | +0.0078% | $952K 30% L |
| 6 |  XRP | +1.29% | 0.75 | 0.73 | 1.12 | $1.90B | +0.0099% | $1.2M 52% L |
| 7 |  NEAR | −1.53% | 0.82 | 0.82 | 1.00 | $1.40B | +0.0024% | $1.9M 65% L |
| 8 |  ENA | +1.81% | 1.05 | 0.99 | 0.98 | $903.1M | +0.0029% | $1.2M 65% L |
| 9 |  DOGE | +0.87% | 1.03 | 0.96 | 0.97 | $767.7M | +0.0028% | $760K 32% L |
| 10 |  BNB | −0.44% | 0.77 | 0.77 | 0.90 | $746.1M | +0.0084% | $126K 59% L |
| 11 |  WLD | −1.04% | 0.92 | 0.90 | 1.02 | $614.7M | -0.0126% | $882K 79% L |
| 12 |  SUI | −0.07% | 1.24 | 0.92 | 0.91 | $536.7M | +0.0012% | $388K 52% L |
| 13 | UNI | +2.63% | 1.46 | 1.04 | 1.04 | $412.8M | +0.0076% | $318K 36% L |
| 14 |  ADA | +0.39% | 1.04 | 0.76 | 1.02 | $379.6M | +0.0006% | $266K 83% L |
| 15 |  AVAX | −1.08% | 1.08 | 1.01 | 0.99 | $367.4M | -0.0008% | $126K 83% L |
| 16 |  LINK | −0.34% | 0.92 | 1.03 | 0.99 | $363.2M | -0.0018% | $200K 73% L |
| 17 |  PEPE | −0.96% | 1.07 | 0.90 | 0.95 | $340.4M | +0.0014% | $397K 56% L |
| 18 |  BCH | +0.77% | 0.76 | 0.87 | 0.86 | $264.6M | +0.0084% | $213K 60% L |
| 19 |  AAVE | −2.06% | 0.55 | 0.64 | 0.74 | $262.9M | +0.0088% | $331K 82% L |
| 20 |  FIL | −1.98% | 0.76 | 0.78 | 0.72 | $255.7M | +0.0001% | $519K 92% L |
| 21 |  TAO | −0.60% | 1.15 | 0.96 | 0.89 | $249.7M | +0.0043% | $104K 59% L |
| 22 |  INJ | +2.38% | 1.04 | 0.56 | 0.87 | $245.4M | +0.0059% | $242K 63% L |
| 23 | LTC | −0.09% | 1.22 | 1.00 | 0.88 | $244.7M | +0.0078% | $59K 94% L |
| 24 |  ARB | −0.08% | 0.87 | 0.92 | 0.83 | $234.3M | +0.0022% | $192K 63% L |
| 25 |  ONDO | +0.72% | 0.93 | 0.58 | 0.76 | $212.5M | +0.0034% | $234K 50% L |
What is the long/short ratio?
The long/short ratio shows whether buyers or sellers are in control of a futures market. Coinperps measures it from taker volume: every trade has a maker, whose order was waiting on the book, and a taker, who crossed the spread to trade now. A taker buy is counted as long and a taker sell as short. The ratio is taker buy volume divided by taker sell volume over a window, from 5 minutes to 24 hours.
- Above 1 (over 50% long): more money is buying aggressively than selling. Buyers are lifting offers and pushing the price up.
- Below 1 (under 50% long): sellers are hitting bids and pressing the price down.
- Around 1: the flow is balanced and the market is waiting for a catalyst.
Taker ratio vs account long/short ratio
You will also see a long/short ratio of accounts, published by some exchanges for their own users: the share of accounts holding a net long against net short, sometimes only for “top traders”. That measures how many people lean each way, not how much money moves. The taker ratio is built from trades on every exchange, so it can be compared across venues and coins, and it reacts within minutes. Use both if you have them: lots of small accounts long while large takers sell is a classic set-up for a flush.
How to read the long/short ratio
One window on its own is noise. The By timeframe panel lines up every window from 5 minutes to 24 hours with the price change over each, so you can see whether buying is building or fading. A few patterns traders watch:
- Ratio and price rising together: buyers are in control and the move has support.
- Ratio high but price flat: buying is being absorbed by sellers resting on the book, often near resistance.
- Ratio falling while price rises: the rally is losing aggressive buyers, often short covering rather than new demand.
- One exchange far from the rest: a large trader or a local event; the by-exchange panel shows it.
Long/short ratio, funding and open interest
The ratio says who is trading aggressively; funding rates say who is paying to hold positions; open interest says how much is held. Strong buying with rising open interest and climbing positive funding means longs are piling in and paying for it. That is a crowded market, and crowded sides are where liquidations cluster when the price turns against them. The long vs short liquidations chart shows which side has been forced out each day.
Limits of the long/short ratio
Taker flow does not show who holds positions overnight, and a single large order can swing a short window. Market makers and arbitrage traders also take liquidity in both directions. Read the ratio as a measure of pressure, alongside price, funding and open interest, not as a trading signal on its own.
Where the data comes from
Coinperps collects taker buy and sell volume for perpetual futures from each exchange’s trade data and adds it up by coin and by window. Bitcoin, Ethereum and Solana are broken down by exchange for every window; other coins use each market’s last 24 hours. The market map and the scanner cover crypto markets only: tokenised stocks, indices and commodities are left out. Liquidations are daily totals by side.
Long/short ratio FAQ
Live answers use the latest data · updated
What is the Bitcoin long/short ratio today?
Over the last hour Bitcoin’s long/short ratio is 1.06: 51.5% of taker volume was buying and 48.5% selling. Over 4 hours it is 0.96 and over 24 hours 1.02, against 1.00 for the whole crypto market.
What is the long/short ratio in crypto?
The long/short ratio compares buying with selling in a futures market. On this page it is taker buy volume divided by taker sell volume: traders who hit the market with buy orders are counted as long, those who sell into it as short. A ratio of 1.20 means $1.20 was bought for every $1 sold over the window; 50% long is a ratio of exactly 1.
Is a high long/short ratio bullish or bearish?
In the short run, strong taker buying pushes the price up, so a high ratio is bullish pressure. But when the ratio stays high while funding rates climb and open interest builds, longs are crowded, and a crowded side is what gets liquidated when the price turns. Many traders read extremes contrarily: a very one-sided market is fragile.
How is this different from the account long/short ratio?
Some exchanges publish a ratio of accounts (how many traders hold a net long against net short) or of top traders’ positions. Those count people or positions; the taker ratio here measures money actually traded aggressively in each direction, and it is available for every exchange and coin. The two often disagree: many small accounts can be long while a few large traders sell.
Which timeframe of the long/short ratio should I use?
Short windows (5 minutes to 1 hour) show who is pushing the price right now and are noisy. The 4-hour and 24-hour ratios show the balance of a session or a day. Compare them: short-term buying against a short-leaning day can be a squeeze or a bounce rather than a trend change.
How often does the long/short ratio update?
The ratios refresh every few minutes from each exchange’s trade data. The figures on this page were written when it was built and update again when you load it.
Related market data
The long/short ratio measures trading pressure, not where the price goes next. Not financial advice. Where the data comes from