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| Exchange | Long | Short | L/S | Split |
|---|---|---|---|---|
 |
59.4% | 40.6% | 1.46 | |
 |
57.3% | 42.7% | 1.34 | |
 |
57.1% | 42.9% | 1.33 | |
 |
54.7% | 45.3% | 1.21 |
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The BTC long short ratio shows how leveraged Bitcoin positioning is split between longs and shorts across the exchanges we track. A ratio above 1 means long notional is larger than short notional, while a ratio below 1 means shorts are larger.
This page combines Bitcoin longs vs shorts across Binance, Bybit, Bitget and OKX and shows the current long and short share, total notional, the L/S ratio and historical changes. The exchange table also makes it possible to compare the BTC long/short ratio by venue rather than looking only at the aggregated market figure.
A rising ratio means long positioning is becoming more dominant relative to shorts, while a falling ratio means the balance is shifting toward short positioning. The ratio is most useful as a measure of leveraged positioning and crowding rather than as a standalone bullish or bearish price signal.
The BTC long short ratio compares the amount of Bitcoin long positioning with short positioning. A value of 1 means longs and shorts are equal, while a value above 1 indicates more long notional and a value below 1 indicates more short notional.
Bitcoin longs vs shorts show which side of the leveraged market currently has more positioning. The percentage split makes that balance easier to read, while the long short ratio expresses the same relationship as a single number.
On this page, the BTC long/short ratio is calculated from aggregated long and short notional across the supported exchanges. For example, $11.6B of long notional versus $10.2B of short notional produces an L/S ratio of roughly 1.14.
The current Bitcoin long short ratio combines data from Binance, Bybit, Bitget and OKX. The table above also shows each exchange separately, so you can see where long or short positioning is most concentrated.
Not necessarily. A high Bitcoin long vs short reading shows that leveraged positioning is tilted toward longs, but it does not predict price direction on its own. Extreme positioning can increase squeeze risk, so the ratio is more useful when viewed alongside funding rates, open interest and liquidations.
The long short ratio and funding rates both help show how leveraged traders are positioned, but they measure different things. The ratio compares long and short positioning, while funding reflects the payments exchanged between long and short perpetual futures traders.