According to the futures contract data, the long/short ratio of the BTC perpetual futures on the top 3 global cryptocurrency exchanges in the past 24 hours is as follows: - Overall exchanges: Long 49.03% / Short 50.97% - Binance: Long 47.49% / Short 52.51% - Bybit: Long 53.01% / Short 46.99% - OKX: Long 46.66% / Short 53.34% A long/short ratio is a measure of the relative number of traders who are betting on the price of an asset to rise (long positions) versus the number of traders who are betting on the price of an asset to fall (short positions). A high long/short ratio indicates that there are more traders who are betting on the price of an asset to rise, while a low long/short ratio indicates that there are more traders who are betting on the price of an asset to fall. The BTC perpetual futures long/short ratio is an important indicator of market sentiment. A high long/short ratio indicates that there is more bullish sentiment in the market, while a low long/short ratio indicates that there is more bearish sentiment in the market.