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On top of any exchange
| Exchange | Long | Short | L/S | Split |
|---|---|---|---|---|
 |
72.3% | 27.7% | 2.61 | |
 |
66.7% | 33.3% | 2.00 | |
 |
66.3% | 33.7% | 1.97 | |
 |
59.3% | 40.7% | 1.46 |
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The Ethereum long/short ratio measures how leveraged ETH positioning splits between bulls and bears across Binance, Bybit, OKX and Bitget. A ratio tilted toward longs signals crowded bullish leverage; tilted toward shorts, bearish leverage dominates. Crowded positioning of either kind tends to unwind sharply, so extremes are best read as elevated squeeze risk rather than a directional call.
ETH positioning is often read against the staking and funding backdrop: when longs dominate, funding tends to go positive as longs pay shorts. A high ETH long ratio with positive funding points to leveraged demand for upside beyond what holding staked spot would give — and to a market more exposed to a long squeeze if price turns.
The history chart auto-scales to the recent range so small shifts in the ETH long ratio remain visible, and the per-exchange table highlights where positioning is most one-sided across the four venues.
The Ethereum long/short ratio is the percentage of trader accounts holding net-long versus net-short ETH positions, as reported by each exchange. Above 50% long means bullish positioning dominates; below 50% means bearish positioning dominates.
It is based on the account ratio — each exchange's own endpoint reporting what fraction of trader accounts are net-long versus net-short. It is not derived from open interest notional, trading volume, or trade count; the USD figures are estimated by multiplying that account ratio by each exchange's total OI.
The aggregate is drawn from Binance, Bybit, OKX and Bitget — the four major exchanges that publish long/short account-ratio data. Exchanges that do not expose this breakdown are excluded rather than estimated.
Not automatically, but crowded leverage raises reversal risk. When most leveraged ETH traders sit on one side, a move against them can cascade into liquidations. Treat the ratio as a risk-of-squeeze gauge, not a forecast.
They are two views of the same positioning. When ETH longs dominate, funding typically turns positive as longs pay shorts. A high long ratio with positive funding is the clearest sign of crowded bullish leverage.