BTC: Futures Top Trader Long/Short Ratio by Venue (Positions)
Shown as its 2–31 Oct 2026 sample; the latest readings and full history are included with Plus.
The long/short ratio of the largest BTC perpetual traders on Binance, OKX and HTX, weighted by the size of their positions.
Why use it. Top traders move the market more than the crowd, and the venues' largest traders do not always agree: when they lean the same way on every venue, the signal is stronger than one venue's. How to read it. Above 1, the top traders hold more long than short by size; below 1, more short. Compare the venues and watch for one turning before the others.
Calculation. Each venue picks its top traders itself: Binance its top 20% of accounts by margin balance, OKX and HTX their largest accounts as each defines them. HTX's account ratio leaves out accounts holding both sides. A period's value is each venue's last sample in it; the summary value averages the venues present. Source: the venues' published top-trader ratios of their BTC USDT perpetuals, read by CryptoKeyhole every five minutes: Binance's top traders by position and by accounts (with every account, for the gap), OKX's top traders by position and by accounts (OKX's every-account ratio across its BTC contracts, for the gap) and HTX's elite accounts. OKX's line reaches back through the hourly samples OKX serves (about 30 days before 8 November 2026) and HTX's through its last 30 hours (from 6 November 2026); Binance's from 16 September 2026.