Bitcoin
Dogecoin Longs Dominate OKX Derivatives Accounts Ahead of Major Cryptos
OKX derivatives data shows 81% of Dogecoin accounts holding long positions, a significantly more skewed ratio than seen in Bitcoin and Ethereum.
Derivatives data from the OKX exchange on the morning of October 16 showed a long-to-short account ratio of 4.17 in Dogecoin, meaning roughly four accounts held long positions for every one holding a short. This brought long positioning to 81% of active Dogecoin accounts on the platform, significantly more one-sided than the 1.61 ratio recorded for Bitcoin and 1.78 for Ethereum at the same time.
At midday on October 16, Dogecoin traded at $0.082375, up 2.9% over 24 hours but down 3.5% over the previous week, fluctuating within an intraday range of $0.077935 to $0.082513, according to CoinGecko.
The long/short account metric tracks individual account numbers rather than total capital deployed. As a result, small and large balances are weighted equally, functioning primarily as a gauge of positioning among retail traders rather than indicating total dollar exposure.
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