List of Flash News about Binance long short ratio
| Time | Details |
|---|---|
| 11:44 |
BTC, ETH OI Drop as $1.87B Liquidated in 24H; Long Accounts Dominate but Short Volume Leads per Surf Data
According to @ai_9684xtpa, BTC fell from 10.7w to 8.5w in 11 days as the market trended lower, source: @ai_9684xtpa. Over the past 24 hours, total crypto liquidations reached 1.87 billion dollars with 87 percent from longs, and the 7-day total was 5 to 7 billion dollars with BTC contributing 40 to 60 percent, source: @ai_9684xtpa citing Surf asksurf.ai. Following last night’s drop, BTC and ETH open interest declined over 24 hours to 58.55 billion dollars and 32.72 billion dollars respectively, source: Surf via @ai_9684xtpa. Despite the drawdown, long accounts still dominate current OI; on Binance BTC the 24-hour long-to-short account ratio is 2.67 to 1 and top traders at 3.38 to 1, with most exchanges showing positive funding rates meaning longs are paying shorts, source: Surf via @ai_9684xtpa. Surf also notes that while long accounts outnumber shorts by roughly 2.5 to 3 to 1, trading volume has shifted to short-side dominance at 52 percent, indicating institutional flows are shorting, source: Surf via @ai_9684xtpa. Data was captured at 09:26 today and may have shifted since, source: @ai_9684xtpa. |