OKX Data Shows Dogecoin Positioning More Skewed Toward Longs Than Ethereum
Dogecoin traders held a 4.17 long-to-short account ratio on OKX, outpacing Ethereum's ratio of 1.78 recorded at the same time.
A measurement taken on October 16 at 10:00 UTC showed that long positions heavily dominated Dogecoin futures on OKX, with 4.17 long accounts for every short account, representing 81% of open accounts. By comparison, Ethereum registered a long-to-short account ratio of 1.78, while Bitcoin stood at 1.61.
At the time of the measurement, Dogecoin was trading at $0.082375, sitting near the top of its daily range of $0.077935 to $0.082513. The price was up 2.9% over 24 hours and down 3.5% compared to the prior week, according to CoinGecko figures.
The metric measures the count of open accounts across futures contracts rather than monetary value, meaning smaller retail accounts influence the total equally alongside larger market participants.
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