BTC Perpetual Futures Traders Lean Bullish Amid Balanced Exchange Positioning

Bitcoin perpetual futures traders are showing a moderately bullish bias across the top three crypto derivatives exchanges by open interest, according to 24-hour long/short ratio data.

The overall long/short ratio stands at 55.64% long positions versus 44.36% short, indicating a net tilt toward upward price expectations among perpetual contract holders.

On Binance and OKX, the ratios are nearly balanced, while Bybit shows a slightly stronger long bias. The current figures fall within a moderate bullish zone, suggesting cautious optimism rather than exuberance.

The relatively balanced positioning on Binance and OKX suggests that large-scale directional conviction remains mixed even as the overall market leans slightly bullish.