Top Altcoins Leading with Highest Long/Short Ratios

According to the data, Raydium (RAY) currently holds the highest Long/Short ratio among all tracked altcoins.

Other altcoins with notably high long positioning include Gitcoin (GTC), Contentos (COS), Polkadot (DOT), Alpha Finance Lab (ALPHA), Melania (MELANIA), Audius (AUDIO), and Rezolut (REZ).

Alphractal analysts pointed out that extremely high long/short ratios often pressure altcoin prices negatively, but under certain conditions, they can trigger market bottoms. In such cases, a short squeeze dynamic may develop if prices start to rise, forcing traders to close their longs and open shorts.

RAY stands out with the highest Long/Short Ratio among all Altcoins.

Additionally, GTC, COS, DOT, ALPHA, MELANIA, AUDIO, and REZ follow RAY with the highest levels of Longs relative to Shorts.

Extremely high Long/Short Ratios usually prevent Altcoins from performing well, but… pic.twitter.com/sh75pV1LuK

— Alphractal (@Alphractal) April 26, 2025

Open Interest Key to Next Move

However, Alphractal cautioned that for a true short squeeze to materialize, a significant increase in Open Interest volume would be necessary. At the moment, no major uptick in Open Interest has been observed across altcoins, suggesting that prices may continue to move sideways in the coming days.

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An image shared by the company detailed the current Long/Short ratios across the altcoin market.

Bitcoin Shows Fresh Bullish Signal

Separately, Alphractal CEO Joao Wedson noted an important development on the Bitcoin side. He reported that the Bitcoin/Stablecoin Reserve Ratio on Binance is once again flashing a bullish signal in the $76,000–$77,000 range—a zone that has historically preceded major Bitcoin rallies.

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