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W long/short ratio live

62.1% of Binance accounts with an open W position are net long, a W long/short ratio of 1.64 (+0.3 pp in 24 hours). Binance's top traders hold 55.1% of their combined W position long (ratio 1.23), 7.0 pp less long than the average account. Counted by account instead of position size, 64.5% of those top traders are net long. On Bybit, 61.9% of users are long (ratio 1.62, -8.9 pp in 24 hours). On Gate 65.0% of accounts are long. New readings arrive every 5 minutes.

Tracking for ~6h Updates every 5 s W overview

W long/short ratio

All coins' long/short ratios →
Binance accounts
62.1% longRatio 1.64
Short 37.9%1h -0.54h -1.424h +0.3
Binance top trader accounts
64.5% longRatio 1.82
Short 35.5%1h -0.34h -0.824h -4.8
Binance top trader positions
55.1% longRatio 1.23
Short 44.9%1h -0.54h -2.424h -10.8
Bybit accounts
61.9% longRatio 1.62
Short 38.1%1h -0.94h -2.724h -8.9
Top traders vs all accounts, taker buys and other exchanges
SeriesNow24h
Binance top traders vs accounts-7.0 pp—
Gate top traders vs accounts-16.3 pp—
Binance taker buys49.2%-19.1
Gate accounts65.0%-6.3
Gate top trader accounts44.8%-7.9
Gate top trader positions48.8%+0.7
Binance accountsBinance top trader accountsBinance top trader positionsBybit accounts50% = even

Share of longs; changes in percentage points (pp). Accounts = share of accounts with a net long position; top trader accounts = the same for the exchange's top traders (Binance: top 20% by margin); top trader positions = share of their combined position that is long; top traders vs accounts = top trader positions long minus accounts long, in pp (negative: the big traders are less long than the crowd); taker buys = share of the last 5 minutes' taker volume that bought. New points every 5 minutes; 24h history backfilled from the exchanges. Gate, Bitget and HTX are tracked for the top 50 coins.

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W long/short history

From recorded history, hourly

61.9% of W trader accounts on Binance and Bybit are net long, down 4.4 points over the past 24 hours (from 66.2%).

W long/short ratio

Share long · Binance and Bybit history from 2020

Chart: TradingView Lightweight Charts™

W top traders vs all accounts

Top trader positions long minus accounts long, pp

Chart: TradingView Lightweight Charts™

About the W long/short ratio

What is the W long/short ratio?

The number of traders long divided by the number short on W perpetuals. Binance accounts: the share of accounts with an open position whose net position is long. Binance top traders: the share of the combined position of the top 20% of Binance futures users by margin that is long. Bybit accounts: the share of users holding a long. A share of 60% long is a ratio of 1.50.

How to read it for W

Account ratios count people, not money, and retail accounts lean long most of the time, so the level alone says little. Look at changes (the crowd piling in or out) and at divergence between top traders and all accounts. Some traders fade extreme readings, since a crowded side can be squeezed, but that often fails. Not financial advice.

How often it updates

Binance and Bybit publish a new value every 5 minutes, fetched shortly afterwards. The previous 24 hours are backfilled from the exchanges when the server starts, so the chart is complete straight away. Ratios cover the top 100 perpetuals by volume. Compare all coins.