Bitcoin, a cryptocurrency known for its volatility, provides traders with opportunities to leverage perpetual futures contracts for speculation. These contracts allow traders to speculate on Bitcoin’s price direction without an expiration date, offering them exposure to both the upside and downside of market fluctuations. Analyzing the long-to-short ratio in these contracts reveals vital insights into the current mood of traders across various exchanges. Understanding this metric can help you make more informed trading decisions, but it is just one piece of the puzzle. 48.34% long positions versus 51.66% short positions on average indicate a slight bearish trend in the market, yet the variations seen between different exchanges suggest a nuanced picture. Let’s delve into the data from top crypto futures exchanges: Binance, Bybit and Gate.io