| Exchange | Long | Short | L/S | Split |
|---|---|---|---|---|
| 76.1% | 23.9% | 3.18 | ||
| 72.0% | 28.0% | 2.57 | ||
| 67.7% | 32.3% | 2.09 | ||
| 65.9% | 34.1% | 1.93 |
The Solana long/short ratio measures how leveraged SOL positioning splits between bulls and bears across Binance, Bybit, OKX and Bitget. SOL is higher-beta than BTC or ETH, so its ratio can swing to crowded extremes faster — and unwind harder. A ratio tilted toward longs signals crowded bullish leverage; tilted toward shorts, bearish leverage dominates.
Because SOL moves fast, reading the long/short ratio next to funding is especially useful: a high long ratio with strongly positive funding flags crowded bullish leverage and a market primed for a long squeeze. The reverse — heavy shorts with negative funding — flags short-squeeze risk instead.
The history chart auto-scales to the recent range so shifts in the SOL long ratio stay visible during fast moves, and the per-exchange table shows where positioning is most one-sided across the four venues.
The Solana long/short ratio is the percentage of trader accounts holding net-long versus net-short SOL 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 SOL's high beta means crowded leverage can reverse violently. When most leveraged traders sit on one side, a move against them can cascade into liquidations. Read the ratio as squeeze risk, not a forecast.
They are two views of the same positioning. When SOL longs dominate, funding typically turns positive as longs pay shorts. A high long ratio with strongly positive funding is the clearest sign of crowded bullish leverage.