Short Accounts (Binance)
Short Accounts (Binance) measures the percentage of Binance derivative accounts currently holding net short 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 declines rather than appreciation.
How to interpret changes
- Increasing Percentage of Short Accounts may indicate a growing share of participants betting on downward price movement or expressing bearish expectations.
- Stable Percentage suggests a balanced directional stance where the proportion of short-oriented accounts remains relatively constant over time.
- Decreasing Percentage may reflect a shift toward long exposure, reduced confidence in price decline, or a move away from hedging strategies.
Data Characteristics
- Expressed as a percentage of accounts, not a measure of capital size, leverage, or notional exposure.
- Does not indicate position size, leverage, or account influence—only the relative number of accounts holding short positions.
Limitations
- Based on account count, not volume—each account counts equally, regardless of the magnitude of its positions.
- Does not show conviction or sentiment intensity; it only reflects the proportion of short accounts at a given point.
- Historical depth is limited due to Binance API constraints, resulting in incomplete long-term records.
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