Short and long indicator for Bitcoin and Ethereum (Bitmex)

In this article, we will briefly look at an interesting indicator that reports the ratio of shorts and longs for Bitcoin and Ethereum cryptocurrencies on Bitmex.

The indicator is called «bitmex funding and premium index» on ru.tradingview.com. The indicator is free. It shows how many people go long and how many go short.

Here’s what it looks like:

Short and long indicator for Bitcoin and Ethereum (Bitmex)
Short and long indicator for Bitcoin and Ethereum (Bitmex)

It looks like two histograms superimposed on each other. One shows the ratio of long/short positions (yellow), the other shows the Bitmex premium (blue).

Every 8 hours, a commission is charged to Bitmex from those who are more in position now (shortists or longists). This information is updated and available on the official Bitmex website:


Short and long indicator for Bitcoin and Ethereum (Bitmex)
Short and long indicator for Bitcoin and Ethereum (Bitmex)

The indicator perfectly shows possible reversal points and entry into a position. Scrolling back in history, you can see that the market almost always goes against the majority. This can be used.

Short and long indicator for Bitcoin and Ethereum (Bitmex)
Short and long indicator for Bitcoin and Ethereum (Bitmex)

To see this indicator for Ethereum, you just need to switch the main chart to ETH/USD


Short and long indicator for Bitcoin and Ethereum (Bitmex)
Short and long indicator for Bitcoin and Ethereum (Bitmex)


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