BREAKING
TAO Positioning: Heavy Long Bias Across Major Venues
Cross-exchange long/short ratio data captured at 09:53 UTC on September 7, 2026 reveals a strongly bullish positioning skew for Bittensor (TAO) across most derivatives platforms. The most extreme reading came from Hyperliquid, where 83.63% of open positions were long against just 16.37% short — the highest long concentration recorded in the snapshot.
BingX followed with 65.31% long / 34.69% short, while Bybit showed 64.98% long / 35.02% short. OKX registered 62.90% long / 37.10% short, and Gate came in at 56.81% long / 43.19% short.
TAO Exchange-by-Exchange Breakdown
- Hyperliquid: 83.63% Long / 16.37% Short
- BingX: 65.31% Long / 34.69% Short
- Bybit: 64.98% Long / 35.02% Short
- OKX: 62.90% Long / 37.10% Short
- Gate: 56.81% Long / 43.19% Short
- MEXC: 56.23% Long / 43.77% Short
- Binance: 52.93% Long / 47.07% Short
- KuCoin: 51.95% Long / 48.05% Short
- Bitget: 38.73% Long / 61.27% Short
- LBank: 24.04% Long / 75.96% Short
- WhiteBIT: 11.25% Long / 88.75% Short
Notable outliers on the short side include WhiteBIT at 88.75% short and LBank at 75.96% short — both diverging sharply from the broader market consensus. Bitget also leaned short at 61.27%. Data for tradeXYZ and Crypto.com returned 0.00% on both sides, indicating no reportable activity at the time of the snapshot. Full ratio data is available via Coinglass Long/Short Ratio.
ETH Positioning: Short Dominance on Top Tier Exchanges
Ethereum (ETH) painted a more cautious picture over the same 15-minute window. The two largest derivatives venues by volume both showed net short bias: Binance recorded 47.00% long / 53.00% short, and OKX showed 48.02% long / 51.98% short.
ETH Exchange-by-Exchange Breakdown
- Binance: 47.00% Long / 53.00% Short
- OKX: 48.02% Long / 51.98% Short
- Bitunix: 46.27% Long / 53.73% Short
- Hyperliquid: 30.37% Long / 69.63% Short
- Bybit: 52.14% Long / 47.86% Short
- MEXC: 53.29% Long / 46.71% Short
- Gate: 54.89% Long / 45.11% Short
- Bitget: 58.51% Long / 41.49% Short
- KuCoin: 58.81% Long / 41.19% Short
- BingX: 56.81% Long / 43.19% Short
- LBank: 70.39% Long / 29.61% Short
- WhiteBIT: 69.52% Long / 30.48% Short
Hyperliquid stood out on the ETH side as well, registering just 30.37% long against 69.63% short — its most bearish ETH reading in this snapshot. Conversely, LBank and WhiteBIT leaned heavily long on ETH at 70.39% and 69.52% respectively, in stark contrast to their bearish TAO positioning.
Market Context
At the time of writing, SOL is trading at $104.91, down 1.47% over the past 24 hours, with a market cap of approximately $61.54 billion and 24-hour trading volume of $3.63 billion. The broader crypto derivatives market continues to show divergent positioning across assets and venues, underscoring the importance of cross-exchange ratio monitoring. For additional regulatory and enforcement context in the crypto space, see the Federal Reserve’s recent enforcement action in the banking sector, which reflects ongoing scrutiny across financial services.
Long/short ratio data represents open position distribution at a single 15-minute interval and reflects trader positioning, not price direction forecasts. Source: Coinglass.
Source: Coinglass +4 More · Published by CoinsProbe Markets Desk
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