What Is Long?
A position that profits when the price rises. Going long a BTC perpetual with 5x leverage means you earn five times the percentage gain of Bitcoin's price, and lose five times the percentage drop.
Related Terms
- Short A position that profits when the price falls.
- Leverage Borrowed buying power that lets you control a position larger than your capital.
- Perpetual Futures A futures contract with no expiry date.
Where You Will Meet This Term
You will run into long constantly on any futures exchange, from the order panel to the position dashboard. If you are still building your foundation, our guides on leverage, liquidation and risk management connect the vocabulary into an actual trading process, and the full glossary covers every other term you will encounter.