LONG/SHORT RATIO

The share of longs among open positions on Binance futures, in percent. Only positions open right now are counted.

What it's based on: Binance publishes three statistics for each coin and updates them every 5 minutes. Source picks one of them.

• ALL ACCOUNTS — all accounts with an open position. Counted by heads: one account, one vote, long or short by its net position. A thousand small accounts weigh as much as a thousand large ones. This is the crowd.
• TOP ACCOUNTS — the same headcount, but only among the top 20% of accounts by margin balance. How many large traders are long, how many are short.
• TOP POSITIONS — the same top 20% of accounts, but by money: the volume of their longs against the volume of their shorts. One big long outweighs ten small shorts. This is how big money is positioned.

• 50 — longs and shorts are equal. Above — longs dominate. Below — shorts.
• One line, colored by side.

Find out which side most open Binance futures positions are on. And whether the crowd agrees with big money — that's what the three sources are for.

For example.

• ALL ACCOUNTS = 70, TOP POSITIONS = 45. By heads, most are long; by big money, the balance tilts short. The crowd and large traders are on opposite sides.
• TOP ACCOUNTS = 60, TOP POSITIONS = 75. More large traders are long both by heads and by money, and more strongly by money: the biggest positions are longs.
• All three near 50 — no skew in either the crowd or large traders.
• The indicator doesn't say who will be right. It shows how the sides are lined up.

What to read it with. OI: the long share rose from 55 to 65 and OI rose — new longs opened. The share rose but OI is flat — shorts closed or flipped, no new money. LONG/SHORT SIZE: the same shares in dollars.