Bitcoin positioning split hard across venues at 21:03 UTC on Nov 10. On Jupiter, 92% of open interest, the money held in open positions, sat on the long side. On Hyperliquid, the largest tracked accounts held only 30% of their notional long.
Counted by accounts, every large exchange leaned long: Bitget 80%, OKX 76%, Binance 75%, Kraken 72%, Bybit 71%, Gate 70%. Weighted by position size, Binance's top traders were 69% long and HTX's elite accounts 31%.
GMX sat close to even at 52% long. Across 11 venues, the gap from the most long to the most short reading was 61 points.
Counted by accounts, every large exchange leaned long: Bitget 80%, OKX 76%, Binance 75%, Kraken 72%, Bybit 71%, Gate 70%. Weighted by position size, Binance's top traders were 69% long and HTX's elite accounts 31%.
GMX sat close to even at 52% long. Across 11 venues, the gap from the most long to the most short reading was 61 points.
