ETH: Futures Top Traders vs All Accounts (Long Share Gap)
Shown as its 2–31 Oct 2026 sample; the latest readings and full history are included with Plus.
How much more, or less, long the largest ETH perpetual traders are than every account on the same venue: the top traders' long share by position minus the share of all accounts that are long, in percentage points.
Why use it. The crowd and the largest traders often disagree. A crowd far more long than the top traders is the setting for long squeezes; top traders more long than the crowd has tended to come with sturdier rallies. How to read it. Below zero, the crowd is more long than the top traders; above zero, the top traders are more long. The summary value averages Binance and OKX.
Calculation. Per venue and sample: top traders' long share by position = long / (long + short) of the top-trader position ratio; all accounts' long share from the venue's every-account ratio at the same five minutes; the gap is the first minus the second, x 100. Binance compares its top traders with every Binance account in the same perpetual, OKX with every OKX account across its ETH contracts. HTX publishes no every-account ratio, so it has no gap. Source: the venues' published top-trader ratios of their ETH 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 ETH 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.