I just checked the long-short ratio of Bitcoin on several major exchanges and found quite an interesting picture. The short-selling side is clearly dominant — on the main exchanges, the long-short ratio ranges from 44-70% long versus 30-56% short depending on the platform.

There are exchanges where the short position is really strong, with shorts reaching over 70%. Meanwhile, some other exchanges show the opposite picture, with longs prevailing. Overall, this long-short ratio reflects a rather cautious market sentiment at this time.

The interesting part is that although the bearish sentiment dominates on most exchanges, there are still places where investors remain quite optimistic. This indicates that the Bitcoin market is divided — some traders are betting on short-term declines, while others still hold long positions. Such a long-short ratio suggests that no one is overly confident about Bitcoin’s next move.