ALL
BTC
ETH
SOL
XRP
BNB
DOGE
SUI
ZKJ
HYPE
1000BONK
TRUMP
1000PEPE
ADA
ONDO
LTC
ENA
FARTCOIN
BCH
HBAR
LINK
BGB
PEPE
AVAX
DOT
LAYER
WLD
TRX
AAVE
TAO
FET
MEMEFI
KAS
FIL
TON
ALCH
WIF
UNI
SOLAYER
POPCAT
NEAR
1000CHEEMS
APT
RENDER
VET
TIA
1000SHIB
GRASS
CRV
BMT
NEIROETH
XLM
TST
VIRTUAL
OM
FORM
SHIB
PI
ARB
GALA
ETC
SEI
POL
ATOM
INJ
EOS
APE
KAVA
PNUT
PAXG
INIT
AI16Z
MOVE
OP
LDO
BERA
S
MKR
HMSTR
JUP
DEEP
SAND
BRETT
PENGU
HIFI
ORDI
STRK
SIGN
TSTBSC
MNT
PENDLE
SHIB1000
ALGO
MANA
BTCDOM
DOG
ZRO
1000SATS
NEIRO
NIL
UXLINK
ZEREBRO
ICP
RAY
CRO
CAKE
ACT
1000FLOKI
NOT
IP
VOXEL
TRB
SOLV
GOAT
JELLYJELLY
WCT
DYDX
BABY
STX
NEO
ENS
BOME
USUAL
MUBARAK
MAGIC
ZK
DEXE
EIGEN
IMX
COMP
XAUT
RUNE
TURBO
VVV
REZ
XMR
GMT
IOTA
1000RATS
DRIFT
KAITO
PROMPT
BGSC
ETHFI
BIGTIME
ARC
BROCCOLIF3B
W
AIXBT
AERGO
PLUME
BSW
GRT
ORCA
PEOPLE
THETA
ARKM
HIPPO
ATH
VINE
MELANIA
FLOKI
IO
PYTH
MASK
GUN
AUCTION
TUT
JASMY
JTO
AR
BIO
CFX
AXS
EPIC
RARE
COOKIE
WAL
KERNEL
SWARMS
HYPER
CHZ
RSR
RAYSOL
SAGA
1MBABYDOGE
BANANAS31
RED
SHELL
GAS
USDC
CORE
SCR
DEGO
DF
HEI
MOCA
SATS
EGLD
VANA
CHILLGUY
BONK
MEW
STO
PARTI
ZETA
FLM
IOTX
ZEC
BSV
GRIFFAIN
SPX
API3
SUSHI
LPT
MEME
ME
FXS
DASH
VTHO
MAVIA
SNX
ZEN
XTZ
CKB
ZORA
DOGS
SAFE
ENJ
FLOW
1000LUNC
SONIC
BLUR
ETHBTC
BEL
AERO
AXL
BEAM
DOLO
COW
BROCCOLI714
TOKEN
CETUS
ETHW
HAEDAL
FIS
ARK
YFI
ACH
NEIROCTO
CATI
NKN
AGLD
LOOKS
ANIME
KOMA
CELO
SFP
COTI
1INCH
HIGH
SUNDOG
FHE
PUMP
EPT
THE
AKT
T
MINA
QTUM
GMX
ASTR
ZIL
FUN
MOODENG
BEAMX
XCN
GPS
X
TWT
PAWS
PUNDIX
FORTH
LISTA
STORJ
CVX
YGG
SYS
AI
STPT
PIXEL
AIOZ
SSV
RFC
ONE
DYM
XAI
SERAPH
KSM
MILK
ALT
TAIKO
BANANA
KAIA
VIDT
JST
AEVO
BLAST
CTC
LUNC
ROSE
CTSI
1000000BABYDOGE
ZRX
BAKE
MANTA
ANKR
BANK
BAT
BB
BROCCOLI
TAI
RAYDIUM
KDA
10000SATS
MYRO
DENT
ROAM
BAN
AGI
1000CAT
1000000MOG
1000NEIROCTO
GLM
PIPPIN
SUPER
QNT
ALPHA
OL
LEVER
WOO
LRC
PONKE
SCRT
HOT
PERP
EDU
RDNT
SXP
1000TURBO
CHESS
HNT
RVN
LUMIA
LUNA2
FIDA
PROM
METIS
AVAAI
FWOG
ALICE
GTC
CHR
XVG
SYN
STG
C98
SUN
ID
RONIN
TRU
CSPR
SIREN
TOSHI
ACX
XDC
CVC
KNC
PEAQ
1000X
ATA
STEEM
SKL
UMA
POLYX
FLR
FOXY
TNSR
MBOX
NFP
CYBER
CTK
POWR
VANRY
CELR
VRA
USTC
CARV
CGPT
SPELL
WAVES
10000LADYS
DEGEN
MORPHO
ONT
NTRN
PORTAL
OGN
AVA
PUFFER
JOE
DARK
HOOK
RLC
AIDOGE
PHB
BR
BAND
LUNA
REX
NMR
XVS
ACE
OMNI
10000ELON
SPEC
DUSK
ELX
LQTY
FIO
DIA
NC
ZEUS
PRCL
HIVE
KMNO
XEM
AUDIO
1000XEC
WAXP
ILV
MTL
RIF
AVL
MERL
BICO
IOST
ICX
B3
MAV
RPL
VELO
OXT
FLOCK
1000WHY
FUEL
PHA
TLM
XCH
SC
ARPA
DGB
HFT
BID
QUICK
GIGA
MOVR
LSK
J
DUCK
ONG
1000BTT
BNT
SNT
GNO
ALEO
LOKA
10000WEN
D
G
$AI
XION
SWELL
XTER
AVAIL
ORBS
MICHI
1000TOSHI
COIN50
DEFI
PRIME
OMNI1
FLUX
SANTOS
BAL
GHST
OG
USDE
SLERF
1000000CHEEMS
1MCHEEMS
SLP
REI
ORDER
ULTI
DODOX
F
L3
COS
10000000AIDOGE
10000WHY
ZRC
NS
MASA
BADGER
DBR
MAJOR
FTN
CAT
RON
RSS3
MLN
VIC
MVL
VELODROME
BUZZ
BOBA
A8
HPOS10I
ZBCN
CPOOL
RAD
VR
AMP
SEND
SCA
OIK
1000APU
QKC
SWEAT
REQ
GODS
SOLO
MBL
GLMR
1000MUMU
KILO
OSMO
CLOUD
GBP
DODO
MDT
CLANKER
SLF
10000QUBIC
MYRIA
MOBILE
OBT
ALU
ZENT
1000000PEIPEI
FB
SD
NFT
XNO
PYR
OMG
NULS
IDEX
JAILSTOOL
XRD
10000COQ
COOK
1000CATS
EUR
QI
GOMINING
TROY
RATS
EURC
NAVX
FTT
PROS
TRUMPOFFICIAL
DATA
SHIB
BTT
GME
BABYDOGE
WIN
FTM
BTCDVOL
MOG
LADYS
JPY
BMEX
TRY
FAI
APU
PI
ALPACA
VELO
USDT
EDGE
LINA
BLZ
MATIC
WELL
ALL
ALL
Bitcoin
BTC
Ethereum
ETH
Solana
SOL
XRP
XRP
BNB
BNB
Dogecoin
DOGE
Sui
SUI
Polyhedra Network
ZKJ
Hyperliquid
HYPE
1000BONK
1000BONK
OFFICIAL TRUMP
TRUMP
1000PEPE
1000PEPE
Cardano
ADA
Ondo
ONDO
Litecoin
LTC
Ethena
ENA
Fartcoin
FARTCOIN
Bitcoin Cash
BCH
Hedera
HBAR
Chainlink
LINK
Bitget Token
BGB
Pepe
PEPE
Avalanche
AVAX
Polkadot
DOT
Solayer
LAYER
Worldcoin
WLD
TRON
TRX
Aave
AAVE
Bittensor
TAO
Artificial Superintelligence Alliance
FET
MemeFi
MEMEFI
Kaspa
KAS
Filecoin
FIL
Toncoin
TON
Alchemist AI
ALCH
dogwifhat
WIF
Uniswap
UNI
SOLAYER
SOLAYER
Popcat (SOL)
POPCAT
NEAR Protocol
NEAR
1000CHEEMS
1000CHEEMS
Aptos
APT
Render
RENDER
VeChain
VET
Celestia
TIA
1000SHIB
1000SHIB
Grass
GRASS
Curve DAO Token
CRV
Bubblemaps
BMT
NEIROETH
NEIROETH
Stellar
XLM
Test
TST
Virtuals Protocol
VIRTUAL
MANTRA
OM
Four
FORM
Shiba Inu
SHIB
Pi
PI
Arbitrum
ARB
Gala
GALA
Ethereum Classic
ETC
Sei
SEI
POL (prev. MATIC)
POL
Cosmos
ATOM
Injective
INJ
EOS
EOS
ApeCoin
APE
Kava
KAVA
Peanut the Squirrel
PNUT
PAX Gold
PAXG
INIT
INIT
ai16z
AI16Z
Movement
MOVE
Optimism
OP
Lido DAO
LDO
Berachain
BERA
Sonic (prev. FTM)
S
Maker
MKR
Hamster Kombat
HMSTR
Jupiter
JUP
DeepBook Protocol
DEEP
The Sandbox
SAND
Brett (Based)
BRETT
Pudgy Penguins
PENGU
Hifi Finance
HIFI
ORDI
ORDI
Starknet
STRK
Sign
SIGN
TSTBSC
TSTBSC
Mantle
MNT
Pendle
PENDLE
SHIB1000
SHIB1000
Algorand
ALGO
Decentraland
MANA
BTCDOM
BTCDOM
Dog (Bitcoin)
DOG
LayerZero
ZRO
1000SATS
1000SATS
Neiro (First Neiro On Ethereum)
NEIRO
Nillion
NIL
UXLINK
UXLINK
Zerebro
ZEREBRO
Internet Computer
ICP
Raydium
RAY
Cronos
CRO
PancakeSwap
CAKE
Act I : The AI Prophecy
ACT
1000FLOKI
1000FLOKI
Notcoin
NOT
Story
IP
Voxies
VOXEL
Tellor
TRB
Solv Protocol
SOLV
Goatseus Maximus
GOAT
Jelly-My-Jelly
JELLYJELLY
WalletConnect Token
WCT
dYdX
DYDX
Babylon (IOU)
BABY
Stacks
STX
Neo
NEO
Ethereum Name Service
ENS
BOOK OF MEME
BOME
Usual
USUAL
Mubarak
MUBARAK
Treasure
MAGIC
ZKsync
ZK
DeXe
DEXE
EigenLayer
EIGEN
Immutable
IMX
Compound
COMP
Tether Gold
XAUT
THORChain
RUNE
Turbo
TURBO
Venice Token
VVV
Renzo
REZ
Monero
XMR
GMT
GMT
IOTA
IOTA
1000RATS
1000RATS
Drift
DRIFT
KAITO
KAITO
PROMPT
PROMPT
BugsCoin
BGSC
ether.fi
ETHFI
Big Time
BIGTIME
Arcadeum
ARC
BROCCOLIF3B
BROCCOLIF3B
Wormhole
W
aixbt
AIXBT
Aergo
AERGO
Plume
PLUME
Biswap
BSW
The Graph
GRT
Orca
ORCA
ConstitutionDAO
PEOPLE
Theta Network
THETA
Arkham
ARKM
sudeng
HIPPO
Aethir
ATH
Vine Coin
VINE
Official Melania Meme
MELANIA
FLOKI
FLOKI
io.net
IO
Pyth Network
PYTH
Mask Network
MASK
GUNZ
GUN
Bounce Token
AUCTION
Tutorial
TUT
JasmyCoin
JASMY
Jito
JTO
Arweave
AR
Bio Protocol
BIO
Conflux
CFX
Axie Infinity
AXS
Epic Chain
EPIC
SuperRare
RARE
Cookie DAO
COOKIE
Walrus
WAL
KernelDAO
KERNEL
Swarms
SWARMS
HYPER
HYPER
Chiliz
CHZ
Reserve Rights
RSR
RAYSOL
RAYSOL
Saga
SAGA
1MBABYDOGE
1MBABYDOGE
Banana For Scale
BANANAS31
RedStone
RED
MyShell
SHELL
Gas
GAS
USDC
USDC
Core
CORE
Scroll
SCR
Dego Finance
DEGO
dForce
DF
Heima
HEI
Moca Network
MOCA
SATS (Ordinals)
SATS
MultiversX
EGLD
Vana
VANA
Just a chill guy
CHILLGUY
Bonk
BONK
cat in a dogs world
MEW
StakeStone
STO
Particle Network
PARTI
ZetaChain
ZETA
Flamingo
FLM
IoTeX
IOTX
Zcash
ZEC
Bitcoin SV
BSV
GRIFFAIN
GRIFFAIN
SPX6900
SPX
API3
API3
SushiSwap
SUSHI
Livepeer
LPT
Memecoin
MEME
Magic Eden
ME
Frax Share
FXS
Dash
DASH
VeThor Token
VTHO
Heroes of Mavia
MAVIA
Synthetix
SNX
Horizen
ZEN
Tezos
XTZ
Nervos Network
CKB
ZORA
ZORA
DOGS
DOGS
Safe
SAFE
Enjin Coin
ENJ
Flow
FLOW
1000LUNC
1000LUNC
Sonic SVM
SONIC
Blur
BLUR
ETHBTC
ETHBTC
Bella Protocol
BEL
Aerodrome Finance
AERO
Axelar
AXL
Beam
BEAM
Dolomite
DOLO
CoW Protocol
COW
BROCCOLI714
BROCCOLI714
TokenFi
TOKEN
Cetus Protocol
CETUS
EthereumPoW
ETHW
HAEDAL
HAEDAL
StaFi
FIS
Ark
ARK
yearn.finance
YFI
Alchemy Pay
ACH
NEIROCTO
NEIROCTO
Catizen
CATI
NKN
NKN
Adventure Gold
AGLD
LooksRare
LOOKS
Animecoin
ANIME
Koma Inu
KOMA
Celo
CELO
SafePal
SFP
COTI
COTI
1inch Network
1INCH
Highstreet
HIGH
SUNDOG
SUNDOG
Mind Network
FHE
PumpBTC (Governance token)
PUMP
EPT
EPT
THENA
THE
Akash Network
AKT
Threshold
T
Mina
MINA
Qtum
QTUM
GMX
GMX
Astar
ASTR
Zilliqa
ZIL
FUNToken
FUN
Moo Deng (moodengsol.com)
MOODENG
BEAMX
BEAMX
Onyxcoin
XCN
GoPlus Security
GPS
X Empire
X
Trust Wallet Token
TWT
PAWS
PAWS
Pundi X (New)
PUNDIX
Ampleforth Governance Token
FORTH
Lista DAO
LISTA
Storj
STORJ
Convex Finance
CVX
Yield Guild Games
YGG
Syscoin
SYS
Sleepless AI
AI
STP
STPT
Pixels
PIXEL
AIOZ Network
AIOZ
ssv.network
SSV
Retard Finder Coin
RFC
Harmony
ONE
Dymension
DYM
Xai
XAI
Seraph
SERAPH
Kusama
KSM
MILK
MILK
Altlayer
ALT
Taiko
TAIKO
Banana Gun
BANANA
Kaia
KAIA
VIDT DAO
VIDT
JUST
JST
Aevo
AEVO
Blast
BLAST
Creditcoin
CTC
Terra Classic
LUNC
Oasis
ROSE
Cartesi
CTSI
1000000BABYDOGE
1000000BABYDOGE
0x Protocol
ZRX
BakeryToken
BAKE
Manta Network
MANTA
Ankr
ANKR
Lorenzo Protocol
BANK
Basic Attention Token
BAT
BounceBit
BB
CZ'S Dog
BROCCOLI
TARS AI
TAI
RAYDIUM
RAYDIUM
Kadena
KDA
10000SATS
10000SATS
Myro
MYRO
Dent
DENT
Roam
ROAM
Comedian
BAN
Delysium
AGI
1000CAT
1000CAT
1000000MOG
1000000MOG
1000NEIROCTO
1000NEIROCTO
Golem
GLM
pippin
PIPPIN
SuperVerse
SUPER
Quant
QNT
Stella
ALPHA
Open Loot
OL
LeverFi
LEVER
WOO
WOO
Loopring
LRC
Ponke
PONKE
Secret
SCRT
Holo
HOT
Perpetual Protocol
PERP
Open Campus
EDU
Radiant Capital
RDNT
Solar
SXP
1000TURBO
1000TURBO
ChessCoin
CHESS
Helium
HNT
Ravencoin
RVN
Lumia
LUMIA
LUNA2
LUNA2
Solana Name Service
FIDA
Prom
PROM
Metis
METIS
AVA AI
AVAAI
Fwog (SOL)
FWOG
MyNeighborAlice
ALICE
Gitcoin
GTC
Chromia
CHR
Verge
XVG
Synapse
SYN
Stargate Finance
STG
Coin98
C98
Sun [New]
SUN
SPACE ID
ID
RONIN
RONIN
TrueFi
TRU
Casper
CSPR
siren
SIREN
Toshi
TOSHI
Across Protocol
ACX
XDC Network
XDC
Civic
CVC
Kyber Network Crystal v2
KNC
peaq
PEAQ
1000x by Virtuals
1000X
Automata Network
ATA
Steem
STEEM
SKALE
SKL
UMA
UMA
Polymesh
POLYX
Flare
FLR
Foxy
FOXY
Tensor
TNSR
MOBOX
MBOX
NFPrompt
NFP
Cyber
CYBER
Shentu
CTK
Powerledger
POWR
Vanar Chain
VANRY
Celer Network
CELR
Verasity
VRA
Terra Classic USD (Wormhole)
USTC
CARV
CARV
ChainGPT
CGPT
Spell Token
SPELL
Waves
WAVES
10000LADYS
10000LADYS
Degen
DEGEN
Morpho
MORPHO
Ontology
ONT
Neutron
NTRN
Portal
PORTAL
Origin Protocol
OGN
AVA (Travala)
AVA
Puffer
PUFFER
JOE
JOE
Dark Eclipse
DARK
Hooked Protocol
HOOK
iExec RLC
RLC
ArbDoge AI
AIDOGE
Phoenix
PHB
Bedrock
BR
Band Protocol
BAND
Terra
LUNA
REVOX
REX
Numeraire
NMR
Venus
XVS
Fusionist
ACE
Omni Network
OMNI
10000ELON
10000ELON
Spectral
SPEC
Dusk
DUSK
Elixir
ELX
Liquity
LQTY
FIO Protocol
FIO
DIA
DIA
Nodecoin
NC
Zeus Network
ZEUS
Parcl
PRCL
Hive
HIVE
Kamino Finance
KMNO
NEM
XEM
Audius
AUDIO
1000XEC
1000XEC
WAX
WAXP
Illuvium
ILV
Metal DAO
MTL
Rootstock Infrastructure Framework
RIF
Avalon Labs (AVL)
AVL
Merlin Chain
MERL
Biconomy
BICO
IOST
IOST
ICON
ICX
B3 (Base)
B3
Massive Protocol
MAV
Rocket Pool
RPL
Velo
VELO
Orchid
OXT
FLock.io
FLOCK
1000WHY
1000WHY
Fuel Network
FUEL
Phala Network
PHA
Alien Worlds
TLM
Chia
XCH
Siacoin
SC
ARPA
ARPA
DigiByte
DGB
Hashflow
HFT
CreatorBid
BID
Quickswap [New]
QUICK
Gigachad
GIGA
Moonriver
MOVR
Lisk
LSK
Jambo
J
DuckChain
DUCK
Ontology Gas
ONG
1000BTT
1000BTT
Bancor
BNT
Status
SNT
Gnosis
GNO
Aleo
ALEO
League of Kingdoms Arena
LOKA
10000WEN
10000WEN
DAR Open Network
D
Gravity
G
$AI
$AI
XION
XION
Swell Network
SWELL
Xterio
XTER
Avail
AVAIL
Orbs
ORBS
Michi
MICHI
1000TOSHI
1000TOSHI
COIN50
COIN50
DeFi
DEFI
Echelon Prime
PRIME
OMNI1
OMNI1
Flux
FLUX
Santos FC Fan Token
SANTOS
Balancer
BAL
Aavegotchi
GHST
OG Fan Token
OG
Ethena USDe
USDE
SLERF
SLERF
1000000CHEEMS
1000000CHEEMS
1MCHEEMS
1MCHEEMS
Smooth Love Potion
SLP
REI Network
REI
Orderly Network
ORDER
Ultiverse
ULTI
DODOX
DODOX
SynFutures
F
Layer3
L3
Contentos
COS
10000000AIDOGE
10000000AIDOGE
10000WHY
10000WHY
Zircuit
ZRC
Sui Name Service
NS
Masa
MASA
Badger DAO
BADGER
deBridge
DBR
Major
MAJOR
Fasttoken
FTN
Simon's Cat
CAT
Ronin
RON
RSS3
RSS3
Enzyme
MLN
Viction
VIC
MVL
MVL
VELODROME
VELODROME
Hive AI
BUZZ
Boba Network
BOBA
Ancient8
A8
HPOS10I
HPOS10I
Zebec Network
ZBCN
Clearpool
CPOOL
Radworks
RAD
Victoria VR
VR
Amp
AMP
Suilend
SEND
Scallop
SCA
Space Nation
OIK
1000APU
1000APU
QuarkChain
QKC
Sweat Economy
SWEAT
Request
REQ
Gods Unchained
GODS
Sologenic
SOLO
MovieBloc
MBL
Moonbeam
GLMR
1000MUMU
1000MUMU
KiloEx
KILO
Osmosis
OSMO
Cloud
CLOUD
GBP
GBP
DODO
DODO
Measurable Data Token
MDT
tokenbot
CLANKER
Self Chain
SLF
10000QUBIC
10000QUBIC
Myria
MYRIA
Helium Mobile
MOBILE
Orbiter Finance
OBT
Altura
ALU
Zentry
ZENT
1000000PEIPEI
1000000PEIPEI
Fractal Bitcoin
FB
Stader
SD
APENFT
NFT
Nano
XNO
Vulcan Forged (PYR)
PYR
OMG Network
OMG
NULS
NULS
IDEX
IDEX
Stool Prisondente
JAILSTOOL
Radix
XRD
10000COQ
10000COQ
Cook Finance
COOK
1000CATS
1000CATS
EUR
EUR
BENQI
QI
GoМining
GOMINING
TROY
TROY
rats (Ordinals)
RATS
EURC
EURC
NAVI Protocol
NAVX
FTX Token
FTT
Prosper
PROS
TRUMPOFFICIAL
TRUMPOFFICIAL
Streamr
DATA
Shibwifhat
SHIB
BitTorrent [New]
BTT
GmeStop
GME
Baby Doge Coin
BABYDOGE
WINkLink
WIN
FTM
FTM
BTCDVOL
BTCDVOL
MOG CAT
MOG
Milady Meme Coin
LADYS
JPY
JPY
BitMEX Token
BMEX
TRY
TRY
Freysa
FAI
Apu Apustaja
APU
Pi [IOU]
PI
Alpaca Finance
ALPACA
Velodrome Finance
VELO
Tether USDt
USDT
Definitive
EDGE
Linear Finance
LINA
Bluzelle
BLZ
Polygon
MATIC
Moonwell
WELL

암호화폐 선물 롱/숏 비율 (탑 트레이더 포지션 & 탑 트레이더 계정 & 모든 트레이더 계정)

화폐
탑 트레이더 롱/숏 (보유 포지션)탑 트레이더 롱/숏 (보유자 계정)모든 트레이더 롱/숏 (보유자 계정)

Long/Short Overview

1. Top Traders Long/Short Ratio by Position

  • Indicator Definition: This indicator measures the ratio of the total value or quantity of long positions held by large holders ("whales") to the total value or quantity of their short positions. It focuses on the actual open interest of large accounts in contracts.

It's important to note that different exchanges may have varying definitions of what constitutes a "large holder," and their calculations for the long/short ratio may also differ.

  • Binance: The proportion of net long and net short positions to total open positions of the top 20% users with the highest margin balance.

    Long Position % = Long positions of top traders / Total open positions of top traders

    Short Position % = Short positions of top traders / Total open positions of top traders

    Long/Short Ratio (Positions) = Long Position % / Short Position %

  • Okx: The position long/short ratio of a contract for top traders. Top traders refer to the top 5% of traders with the largest open position value.

    Long Position % = Long positions of top traders / Total open positions of top traders

    Short Position % = Short positions of top traders / Total open positions of top traders

    Long/Short Ratio (Positions) = Long Position % / Short Position %

  • Indicator Interpretation:

  • High Long/Short Ratio (Long Position Dominance): Indicates that the primary capital forces in the market are inclined to be bullish. However, it's also necessary to pay attention to the specific location of these long positions (e.g., whether they are concentrated around key resistance levels) and the overall market environment. An extremely high ratio may also foreshadow a sharp correction once these highly leveraged long positions decide to take profit.

  • Low Long/Short Ratio (Short Position Dominance): Conversely, a low ratio implies that large capital anticipates a price decline, which can exert significant downward pressure on the price. Similarly, an extremely low ratio can sometimes lead to a short squeeze if the market unexpectedly rises.

  • Ratio Trend Analysis: An increasing ratio may indicate that large holders are increasing their long positions, signaling growing confidence in the market. Conversely, a decreasing ratio may suggest that large holders are increasing their short positions or closing long positions, indicating weakening confidence in the market.

2. Top Traders Long/Short Ratio by Account Number

  • Indicator Definition: This indicator focuses on the ratio of the number of large holder accounts with predominantly long positions to the number of large holder accounts with predominantly short positions. It reflects the breadth of bullish or bearish sentiment among the large trader community.

It's important to note that different exchanges may have varying definitions of what constitutes a "large holder," and their calculations for the long/short ratio may also differ.

  • Binance: The proportion of net long and net short accounts to total accounts of the top 20% users with the highest margin balance. Each account is counted once only.

    Long Account % = Accounts of top traders with net long positions / Total accounts of top traders with open positions

    Short Account % = Accounts of top traders with net short positions / Total accounts of top traders with open positions

    Long/Short Ratio (Accounts) = Long Account % / Short Account %

  • Okx:  The account net long/short ratio of a contract for top traders. Top traders refer to the top 5% of traders with the largest open position value.

    Long Account % = Accounts of top traders with net long positions / Total accounts of top traders with open positions

    Short Account % = Accounts of top traders with net short positions / Total accounts of top traders with open positions

    Long/Short Ratio (Accounts) = Long Account % / Short Account %

  • Indicator Interpretation:

  • High Long/Short Ratio (More Bullish Accounts): A greater number of accounts favoring long positions indicates broader bullish sentiment.

  • Low Long/Short Ratio (More Bearish Accounts): Conversely, a greater number of accounts favoring short positions reflects more widespread bearish sentiment. This can increase the likelihood of a potential decline.

  • Consistency Signal: When both ratios move in the same direction (both high or both low), it is usually a stronger signal, indicating more consistent market sentiment among large traders.

3. Market Significance of Long/Short Ratios

Long/short ratios provide us with important information about the overall sentiment of the market's major participants. Large holders typically possess significant capital and informational advantages, and their position movements often have a significant impact on market prices. It is crucial to pay attention to the convergence and divergence between the large holder long/short ratio by position and the large holder long/short ratio by account number. Additionally, it's important to note that some large holders and institutions may use contracts as a hedging tool to offset their spot market positions. Therefore, while referencing these indicators, it's also necessary to combine them with other indicators and exercise your own reasonable judgment.