A screenshot shows 3.344, which is often read when shared as “more than three times as many longs.” The denominator of this figure is the number of accounts—it tells you how many long accounts there are for each short account.
Readings from five venues at the same point in time: Binance 3.344, Bitget 4.0, Bybit 2.6969, OKX 2.5019, Gate 1.9806 (over the 24 hours up to 2026-10-27T00:55Z). Same metric, same day, yet the highest reading is twice the lowest. Across the industry, labels for this kind of metric vary from one platform to another.
For anyone working with data, the takeaway is simple: the easier a metric is to take out of context in a screenshot, the more important it is to put the unit next to the number. Every account carries the same weight in this ratio, regardless of how much it holds. It counts accounts, not leverage.
During the same window, spot on Binance was up 1.4059% for $DOGE ; the $ETH perpetuals figure tracks account positioning, not the spot price.
#Dogecoin #DOGE $DOGE $ETH
Investing involves risk.
Readings from five venues at the same point in time: Binance 3.344, Bitget 4.0, Bybit 2.6969, OKX 2.5019, Gate 1.9806 (over the 24 hours up to 2026-10-27T00:55Z). Same metric, same day, yet the highest reading is twice the lowest. Across the industry, labels for this kind of metric vary from one platform to another.
For anyone working with data, the takeaway is simple: the easier a metric is to take out of context in a screenshot, the more important it is to put the unit next to the number. Every account carries the same weight in this ratio, regardless of how much it holds. It counts accounts, not leverage.
During the same window, spot on Binance was up 1.4059% for $DOGE ; the $ETH perpetuals figure tracks account positioning, not the spot price.
#Dogecoin #DOGE $DOGE $ETH
Investing involves risk.