Long Accounts (Binance)
Long Accounts (Binance) measures the percentage of Binance derivative accounts currently holding net long exposure in ICP relative to the total number of active accounts with open positions. It provides a directional snapshot of positioning among participants, reflecting how many accounts are oriented toward price appreciation rather than decline.
How to interpret changes
- Increasing Percentage of Long Accounts may indicate a growing share of participants positioning for upward price movement or expressing bullish expectations.
- Stable Percentage suggests a balanced directional stance where the proportion of long-oriented accounts remains relatively consistent over time.
- Decreasing Percentage may reflect a shift toward short exposure, reduced confidence in upward price continuation, or a move toward hedging and downside positioning.
Data Characteristics
- Expressed as a percentage of accounts, not a measure of capital size, leverage, or notional exposure.
- Does not reveal whether long positions are small or large, highly leveraged or unleveraged—only their relative prevalence.
Limitations
- Based on account count, not volume — a single large account and a small account each count as one, regardless of position size.
- Does not show sentiment certainty or directional conviction; it only reflects positioning ratios at a given moment.
- Historical depth is limited due to Binance API restrictions, resulting in incomplete long-term records.
Disclaimer: The information provided in the descriptions above is for informational and educational purposes only and is intended as a general overview of the referenced metrics. These descriptions are illustrative, descriptive, and non-exhaustive; additional interpretations, use cases, and limitations may exist that are not covered here. Nothing herein should be construed as financial, investment, legal, tax, or professional advice, nor should it be relied upon as the sole basis for any decision-making process. All users should conduct their own independent research, validate data through multiple sources, and consult with qualified professionals where appropriate. The content provided does not guarantee accuracy, completeness, or reliability, and no representation or warranty is made regarding its correctness. The metrics, interpretations, and examples mentioned are subject to change over time and may not reflect all possible scenarios or market conditions. By using this information, you acknowledge that you do so at your own discretion and responsibility. No advisory, fiduciary, or client relationship is created through the use or reading of this material.