Ethereum investors increasingly commit to long positions, boosting their exposure by $143 million across various trading platforms, pushing Ethereum's longs to reach 59.41%

In the dynamic world of cryptocurrency trading, the distribution of short and long positions for Ethereum (ETH) varies significantly across various platforms.

Centralized exchanges known for derivatives trading, such as Binance, Bybit, and the decentralized perpetual futures platform Hyperliquid, are currently leading in short-positioned Ethereum trades. Hyperliquid, which is gaining significant institutional interest in 2025, offers on-chain transparency and low latency, making it a notable player alongside traditional centralized exchanges for short Ethereum positions.

The overall Ethereum long-to-short ratio across these exchanges stands at 59.41% long and 40.59% short. However, some platforms like Gate and WhiteBIT present opposite trends, favouring Ethereum shorts over long positions.

Binance, for instance, shows a strong leaning towards long Ethereum positions, with 61.96% of positions amounting to $37.33 million in long exposure and $22.92 million in shorts. Bybit, on the other hand, registers 73.46% of Ethereum activity as long positions, with $11.71 million in long exposure and $4.23 million in shorts.

MEXC and Bitunix demonstrate more balanced positioning, with MEXC showing a similar balance in Ethereum positions, with 50.85% longs and 49.15% shorts, and Bitunix reporting a slight lean towards long Ethereum positions, with 57.01% of positions compared to 42.99% shorts.

OKX and KuCoin, meanwhile, carry a stronger long-side activity in Ethereum positions. OKX recorded 69.51% of Ethereum positions as longs, with $29.42 million in long exposure and $12.90 million in shorts, while KuCoin reported the highest imbalance in Ethereum positions, with 73.61% long and $987.25 million in long exposure, and 26.39% short with $354.03 million in shorts.

Interestingly, Gate and WhiteBIT show higher levels of short interest in Ethereum compared to the broader market. Gate has a higher proportion of Ethereum shorts (57.26%) compared to longs (42.74%), while WhiteBIT has a majority of Ethereum shorts (68.26%).

BingX, on the other hand, reports a near-equal distribution of Ethereum positions, with 51.24% shorts and 48.76% longs. Binance, OKX, Bybit, and Bitget lean more towards long Ethereum positions compared to shorts.

KuCoin, however, stands out as the exchange with the largest long exposure among all exchanges studied, maintaining the largest notional long volume of Ethereum among all exchanges.

This analysis provides insights into the current trends in Ethereum positioning across major crypto exchanges, offering valuable information for traders and investors alike.

Ethereum investors increasingly commit to long positions, boosting their exposure by $143 million across various trading platforms, pushing Ethereum's longs to reach 59.41%