Woofun AI data shows that Bitcoin perpetual futures traders maintain a slight bullish bias across the three largest derivatives exchanges by open interest. The aggregate long/short ratio stands at 51.45% versus 48.55%, reflecting a preference for upward price expectations among leveraged participants.

Binance reports the most balanced positioning with a 50.8% long ratio, while OKX exhibits the strongest bullish lean at 52.06%. Bybit sits in between with 51.59% long positions. These metrics represent the proportion of open BTC perpetual futures contracts, which utilize funding rates to align with spot prices without expiration dates.