Bitcoin Futures Long/Short Ratios Tilt Mildly Bearish on Major Exchanges
Bitcoin perpetual futures long/short ratios have shifted to a slight bearish tilt on April 17, with aggregates at 49.14% long vs. 50.86% short across Binance (49.52% long), OKX (50.98% long), and Bybit (48.46% long). The trend started bearish on April 13 (48.55% long overall), neutralized on April 15 (50.04% long amid high open interest), and briefly turned mildly bullish on April 16 (50.17% long, Bybit at 52.64%). Neutral funding rates and balanced positioning signal market consolidation and low conviction, priming for volatility on catalysts like ETF flows or DXY moves.