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Bitfinex Longs vs Shorts

Total margin long and margin short positions open on Bitfinex, per trading pair, from Bitfinex's public statistics. Bitfinex BTC longs are one of the most watched gauges of whale positioning: a few large margin traders move them by thousands of BTC. Amounts are in coins; the USD value uses Bitfinex's price.

Across the 12 tracked Bitfinex margin pairs, traders hold $7.90B of margin longs and $40.66M of shorts. BTC longs are 90,177 BTC, about unchanged over 24 hours; BTC shorts are 213.2 BTC. The biggest 24h move in longs is ZEC (-66.9%).

12 margin pairsBitfinex public statsHourlyAs of 14:00 UTC

Bitfinex margin longs and shorts by pair

open margin positions in coins · largest USD longs first
Pair Longs Longs 24h Longs 7d Shorts Shorts 24h Shorts 7d Longs/shorts Longs (USD) Shorts (USD)
BTC BTC/USD 90,177 +0.0% -0.5% 213.2 -3.3% +66.5% 423 $7.57B $17.91M
ETH ETH/USD 93,987 +8.2% -11.4% 7,584 +38.1% -89.6% 12.4 $255.73M $20.64M
XAUT XAUT/USD 7,428 +0.0% +0.0% 5.82 -0.3% +0.5% 1,276 $31.00M $24.29K
SOL SOL/USD 84,265 -0.2% +3.6% 1,198 -92.5% -93.7% 70.3 $10.17M $144.52K
XRP XRP/USD 5,661,096 +16.5% -16.9% 191,675 +14.4% -29.1% 29.5 $8.74M $295.95K
LTC LTC/USD 90,914 +0.1% -11.1% 668.8 -3.2% +64.5% 136 $6.21M $45.65K
UNI UNI/USD 589,583 -0.7% +340.9% 35,489 +3.0% +43.4% 16.6 $5.31M $319.78K
XMR XMR/USD 3,945 +1.7% -33.6% 83.1 +0.0% -15.3% 47.5 $2.13M $44.97K
ADA ADA/USD 7,225,237 -0.1% -3.9% 209,137 +0.0% +3.0% 34.5 $1.81M $52.53K
ZEC ZEC/USD 496.8 -66.9% -73.2% 780.0 -13.1% -13.7% 0.64 $712.31K $1.12M
AVAX AVAX/USD 58,428 +1.1% +7.0% 2,753 -13.5% -44.4% 21.2 $677.42K $31.91K
DOGE DOGE/USD 5,683,545 +0.8% -1.2% 382,522 +7.7% +135.1% 14.9 $543.06K $36.55K

How to read it. Longs and shorts are the totals of all open margin positions on each Bitfinex pair, in the coin itself (BTC for BTC/USD). Margin positions are spot trades made with borrowed funds, not futures, so they are not part of open interest. Bitfinex's margin book is dominated by a few large traders: a jump of thousands of BTC is usually one or two accounts. Each pair's page charts its history with the price. Not a trading signal and not financial advice.

Bitfinex longs vs shorts FAQ

What are Bitfinex longs and shorts?

The total size of all open margin positions on Bitfinex for a trading pair: margin longs are traders who borrowed to buy the coin, margin shorts traders who borrowed the coin to sell it. Bitfinex publishes both totals every minute, in coins; this page records them hourly.

Are Bitfinex margin longs the same as open interest?

No. Margin positions are spot trades funded with borrowed money on Bitfinex's own order book, settled in the real coin. Open interest counts perpetual futures and other derivatives contracts across exchanges. Bitfinex's margin book is one venue and a few large traders, so it can move against the derivatives market: compare it with open interest and the long/short ratio of futures traders.

Why do people watch Bitfinex BTC longs?

Bitfinex has long been where large holders borrow to buy BTC, and big additions or reductions of margin longs have at times come before or with large price moves. It describes positioning only; it is not a trading signal and nothing here is financial advice.

How is the USD value calculated?

Longs or shorts in coins times the pair's price on Bitfinex near that hour (the ticker's last price, or the hourly candle's open for older hours).