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BTW Whale vs Retail Delta

The BTW whale vs retail delta: the share of top traders' BTW position that is long minus the share of all accounts that are long, in percentage points. The chart runs back to 2020 on Binance and 2023 on Gate. Below it: where today's reading ranks in the past 30 days and year, and what price did after the year's most extreme readings.

BTW whales are 30.3 pp more long than retail, the 76th percentile of the past 30 days (Binance top traders' positions 66.9% long vs 36.6% of all accounts). The delta is up 0.5 pp in 24 hours. Since 4 Jun 2026 it ranged from -18.4 pp (4 Jun 2026) to +35.3 pp (26 Sep 2026).

Binance top traders vs all accounts2,784 hourly readings in the past yearAs of 13:00 UTC

BTW whale vs retail Binance
+30.3 pp
top traders 66.9% longaccounts 36.6%
Percentile
— of 1y
76th of the past 30 days24h change +0.5 pp
Range since 4 Jun 2026
-18.4 to +35.3
low 4 Jun 2026high 26 Sep 2026
Other exchange
+16.2 pp on Gate
same measure, Gate's own traders

BTW top traders vs all accounts

Top trader positions long minus accounts long, pp

Chart: TradingView Lightweight Charts™

What BTW did after extreme readings

2784 hourly readings since 4 Jun 2026
Readings Hours (days) 24h median 24h hit rate 7d median 7d hit rate
Top 5%: whales most long vs retail 140 (14) — n=0 — — n=0 —
Bottom 5%: whales least long vs retail 140 (15) — n=0 — — n=0 —

Top 5%: readings of +31.0 pp or more; bottom 5%: -1.7 pp or less. A hit is a rise after the top 5% (whales leaned long) and a fall after the bottom 5%. For comparison, across every hourly reading BTW was higher 24 hours later — of the time (median —, n=0) and 7 days later — (median —). Prices: Binance spot BTW/USDT, hourly closes where this site recorded them, else daily closes. Readings cluster in episodes, so the samples overlap and are smaller than they look. This describes the past; it is not a trading signal and not financial advice.

How to read it. The delta is the share of top traders' BTW position that is long minus the share of all accounts that are long, in percentage points. Retail accounts usually lean long, so the delta sits below zero much of the time; what matters is where it stands against its own history. The chart shows Binance and Gate separately. Compare every coin on the whale vs retail hub and the long/short ratio page.

BTW whale vs retail FAQ

What is the BTW whale vs retail delta?

The share of BTW's top traders' combined position that is long, minus the share of all accounts with a BTW position that are long, in percentage points. Top traders are Binance's top 20% of futures users by margin balance, weighted by position size; the accounts ratio counts every account once.

How is the "after extremes" table built?

We take the hourly readings of the past year, keep the highest 5% and the lowest 5%, and compare BTW's Binance spot price at each reading with the price 24 hours and 7 days later: from hourly closes where this site has them, else from daily closes. The hit rate is how often price moved the way the whales leaned (up after the top 5%, down after the bottom 5%). Readings bunch together in episodes, so the number of distinct days is shown too.

Is it a trading signal?

No. The table describes what happened after past readings, before fees and funding, and a year holds only a handful of episodes. Nothing here is financial advice.