At the top, the crowd was short. On the dip, it went long.

When Bitcoin hit 87,000, only 47% of Binance retail accounts were long. After the drop, 54% are. The biggest accounts? 66% long by position size, and they barely moved.

These ratios don't show where anyone got in, and some whales have held since 2022. Take them with a grain of salt.

Crowd or whales: who are you with right now?

$BTC