F&G 46 · Fear
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ANALYTICS · POSITIONING

Longs and shorts

Share of accounts long and short on perpetual futures. A heavy skew means a reversal forces the majority to close — and that accelerates the move.

Pairs with fresh data 137 BINANCE · BYBIT
Long skew >= 3:1 2 ≥ 3:1
Short skew >= 3:1 1 ≤ 1:3

This counts ACCOUNTS, not money. One large short and a hundred small longs read as a long skew while the capital sits the other way. Data refreshes every five minutes; rows older than fifteen minutes are not shown.

CROWD IS LONG

Most skewed toward longs

Pairs where several accounts sit long for every one short. A move down here meets more forced sellers.

# Coin Source Split Longs / shorts Long share
1 LAB BINANCE
3.64 78.5%
2 SOXL BINANCE
3.35 77.0%
3 SKHYNIX BINANCE
2.97 74.8%
4 TSLA BINANCE
2.93 74.6%
5 DOGE BINANCE
2.81 73.8%
6 XRP BINANCE
2.61 72.3%
7 INTC BINANCE
2.50 71.4%
8 XAG BINANCE
2.44 71.0%
9 ETH BINANCE
2.23 69.1%
10 CRCL BINANCE
2.15 68.2%
11 DRAM BINANCE
2.11 67.8%
12 MRVL BINANCE
2.08 67.5%
13 BNB BINANCE
2.03 67.0%
14 FARTCOIN BINANCE
1.99 66.5%
15 LTC BINANCE
1.99 66.5%
16 KORU BINANCE
1.98 66.4%
17 SAMSUNG BINANCE
1.97 66.3%
18 ADA BINANCE
1.86 65.1%
19 ASTER BINANCE
1.86 65.1%
20 CLO BINANCE
1.86 65.0%
21 BEAT BINANCE
1.84 64.8%
22 SUI BINANCE
1.80 64.3%
23 SOL BINANCE
1.75 63.6%
24 LITE BINANCE
1.74 63.6%
25 TRUMP BINANCE
1.73 63.4%
CROWD IS SHORT

Most skewed toward shorts

Pairs where the majority sits short. A push up forces the crowd to cover — the short squeeze.

# Coin Source Split Longs / shorts Short share
1 BZ BINANCE
0.29 77.5%
2 RE BINANCE
0.43 69.7%
3 EUL BINANCE
0.45 69.0%
4 BTW BINANCE
0.49 67.0%
5 ALLO BINANCE
0.50 66.5%
6 PROM BINANCE
0.52 65.8%
7 ON BINANCE
0.54 64.8%
8 AKE BINANCE
0.57 63.9%
9 BICO BINANCE
0.59 63.0%
10 ZEC BINANCE
0.60 62.6%
11 CL BINANCE
0.61 62.2%
12 INJ BINANCE
0.64 61.1%
13 GRVT BINANCE
0.66 60.4%
14 KAITO BINANCE
0.68 59.5%
15 PRL BINANCE
0.76 57.0%
16 XAU BINANCE
0.76 56.8%
17 HOME BINANCE
0.77 56.6%
18 MVLL BINANCE
0.78 56.1%
19 VVV BINANCE
0.82 55.1%
20 SOXS BINANCE
0.82 54.9%
21 XPL BINANCE
0.84 54.5%
22 PORTAL BINANCE
0.88 53.3%
23 HEMI BINANCE
0.89 52.9%
24 DOS BINANCE
0.91 52.4%
25 LDO BINANCE
0.92 52.1%

Coverage is limited to the highest-turnover pairs on the reference venues — smaller alts have no data. That is a source limitation, not a failure.

The long/short ratio shows how open positions are split between the two sides: how many trading accounts sit long versus short. A value of 3.0 means three accounts long for every one short — 75% against 25%.

Positioning on its own does not say where price will go. It says who gets hurt on a reversal: if the overwhelming majority is long, a move down forces exactly them to close, and their exits deepen the fall. That is why an extreme skew is read as fuel for a sharp move against the crowd, not as a directional forecast.

An important limit: this is a share of ACCOUNTS, not of capital. A large participant with one position counts the same as a retail trader with a minimum lot. So an account skew can disagree with a money skew, and no conclusion about market sentiment should rest on this number alone.

How to use it

Read it next to funding

A long skew with positive funding means the crowd is not just long — it is paying to stay long. That structure holds worse than a skew with no carrying cost.

Cross-check open interest

Rising open interest alongside a rising skew means the position is still being built. Falling open interest means the crowd is already unwinding, and there is less squeeze fuel left.

Do not confuse accounts with money

The metric counts accounts. On liquid pairs it tracks reality closely; on thin ones it is more distorted, because a few large participants can sit against all of retail.

FAQ

Why are there so few pairs here?
The source publishes ratios only for the highest-turnover pairs on the reference venues. For the rest there is no data, and we will not substitute the last known value — stale positioning is worse than none.
Is this a share of money or of accounts?
Accounts. The ratio counts how many accounts sit long versus short, not the size of their positions. One large participant weighs the same as one retail trader.
How often does it update?
Every five minutes. Rows older than fifteen minutes are dropped from the page: positioning changes, and a half-hour-old snapshot must not be shown as current.
Can I get an alert on a skew?
Yes — the liquidation cascade screener has a long/short ratio threshold. The screener sweeps the market every minute on its own; there is no coin list to configure.