Sep 25 midnight · perpetual futures

BTC is positioned L 56% vs S 44% on average across three exchanges. On Binance, OI $8.0B (-3.3%), funding +0.0014%.

■ Long/short · average of 3 exchanges

BTC — L 56% vs S 44%

ETH — L 59% vs S 41%

SOL — L 63% vs S 37%

BNB — L 60% vs S 40%

■ Open interest · funding

· Binance

BTC — OI $8.0B (-3.3%) · +0.0014%

ETH — OI $6.1B (-1.4%) · +0.0068%

SOL — OI $931M (+0.9%) · +0.0064%

BNB — OI $448M (+0.1%) · +0.0057%

· OKX

BTC — OI $2.4B (-3.2%) · -0.0006%

ETH — OI $1.6B (-1.7%) · +0.0026%

SOL — OI $322M (-8.6%) · +0.0039%

BNB — OI $52M (-1.1%) · +0.0100%

· Coinbase

BTC — OI $90M (-7.3%) · +0.0080%

ETH — OI $43M (-0.9%) · +0.0080%

SOL — OI $8M (+0.2%) · +0.0008%

BNB — OI $781K (+46.0%) · +0.0192%

· Bybit

BTC — OI $5.0B (-0.7%) · -0.0013%

ETH — OI $2.1B (-1.0%) · +0.0024%

SOL — OI $660M (-1.6%) · +0.0051%

BNB — OI $132M (-1.0%) · +0.0023%

Data: perpetuals · L/S = average of Binance, OKX and Bybit (Binance and OKX report top traders by position, Bybit reports account counts) · open interest in notional USD (change vs 12h ago) · funding normalised to 8h