Does a high long-short ratio mean that longs have the upper hand?
“Top traders” here refers to the top 20% of accounts selected by Binance based on margin balance, not specifically any particular institution or whale. In Binance’s official futures statistics, the account long-short ratio and top trader long-short position ratio are calculated at intervals as short as 5 minutes, and cover Binance USDⓈ-M perpetual contracts.
The account long-short ratio looks at the number of accounts, so it more closely reflects the sentiment of the majority of traders. The top trader long-short position ratio compares position sizes, showing which side leading accounts are betting on.
For reference, the current data: $BTC . Current price: 74702.01 (24h: -0.38%).