Binance Long-to-Short Ratio Hits 30-Day Low as Bullish Leverage Cools

[cryptoenthusiast]

Bitcoin has been consolidating near $69,000 after a sharp drop to $60,130, but derivatives data shows traders are growing increasingly cautious. On Binance, the long-to-short ratio among top traders fell to 1.20 from 1.93 — its lowest level in 30 days — signaling a significant reduction in leveraged bullish positioning.

A similar trend appeared on OKX, where the ratio dropped sharply following a $1 billion liquidation event in BTC futures. Importantly, much of this shift reflects forced liquidations rather than deliberate bearish bets. With Bitcoin still down 52% from its October 2025 all-time high, traders appear to be dialing back leverage amid heightened uncertainty — a reset that could ultimately create a healthier market structure.

[nihalsari]

$1b liquidation on okx shows leverage still bites hard, even if spot demand looks healthy