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Today I will briefly talk about the long-short ratio of Bitcoin, the long-short ratio of Bitcoin, financial concepts, and macroscopic classification of the ratio of longs and shorts, or the ratio of longs and shorts. "Multiple" means bullish, meaning buying, "short" means bearish, meaning selling. After understanding the long-short ratio of Bitcoin, return to the question of what does the long-short ratio of Bitcoin mean? What does the long-short ratio of Bitcoin mean? What do you think? Where can I see the long-short ratio of Bitcoin contracts? In response to these two questions, the editor of Bitcoin Circle will talk about the long-short ratio of Bitcoin.

 What do you think of the long-short ratio of Bitcoin?

First of all, the most basic concept, what is the long-short ratio of a contract? It is the ratio of the number of people, or the ratio of the number of accounts, not the ratio of the amount of funds. The ratio of long and short orders in futures contracts is always 1:1
Correspondingly, there are 100 million long orders and 100 million short orders.

In other words, futures contracts are essentially bets between users on the ups and downs. If you open a long order of 100 Bitcoins and the transaction is completed, it means that another person or several other people have opened a total of 100 Bitcoins at this price.
A short Bitcoin order, otherwise how would you close the deal? There must be an opponent. This is basic common sense.

So when you see the long-short ratio in the future, if the long-short ratio is 1.5, don't think that the amount of long funds in the market is greater than the amount of short funds. The total position value of long and short sides is always equal.

If the long-short ratio is 1.5
, then it means that the number of people holding long orders is 1.5 times the number of people holding short orders, but the position value of both parties to the contract is equal, which means that there are more people on the long side and less money per person, so retail investors may account for a larger proportion; on the contrary , there are fewer short sellers and more money per capita, so large players may account for more.

That contract is a market where big fish eat small fish, and retail investors are at risk of being eaten up by big investors. For example, when the long-short ratio is too high and there are too many longs, reverse harvesting may occur, and shorts will violently smash the market to make money. Therefore, many people look at the ratio of the number of people long and short in Bitcoin. In fact, they are looking at the views of large investors on the long and short positions in Bitcoin.

However, please note that these are only theoretical analyses. In the real market, due to the existence of arbitrage, the long-short ratio data is often distorted.

Specifically, because of the existence of various arbitrages, such as arbitrage between futures and spot, cross-platform hedging arbitrage, perpetual contract funding rate arbitrage, etc., this makes the long-short headcount ratio somewhat confusing. , there is no way to reflect investors’ true willingness to go short and long in the market.

 Where can I see the long-short ratio of Bitcoin contracts?

Information related to Bitcoin can be found on many large financial websites, such as Golden Finance Network, Information Aggregation Network and other common financial websites. In addition, you can also view it on some large digital currency browser trading platforms that also provide a lot of the latest information about Bitcoin. There is also information about where to check the ratio of long and short positions in Bitcoin. Since Bitcoin has received a lot of market attention in recent years, many financial websites and exchanges provide the latest and fastest Bitcoin news.

Through the above introduction, I believe everyone has an understanding of how to view the Bitcoin long-short ratio. In fact, the Bitcoin long-short ratio is also a way for investors to understand the Bitcoin market. For investors, they want to make decisions at the right time. When buying and selling Bitcoin, you must have some understanding of the Bitcoin market. As the old saying goes, if you know yourself and the enemy, you will always win. Therefore, before buying Bitcoin, investors must understand Bitcoin and do not necessarily need to be able to analyze the Bitcoin market. , but you must be able to understand it and pay attention to Bitcoin-related information.