Qual é a diferença entre as razões por conta, por posição e taker?

A razão por conta conta o número de traders long vs short, tratando todos igualmente. A razão por posição pondera pelo tamanho da posição, refletindo assim onde está o grande dinheiro. A razão taker compra/venda mede ordens a mercado agressivas, capturando o momentum de curto prazo em vez das posições mantidas.

Como os traders usam a razão long/short?

Muitos a usam como indicador contrário: quando as contas de varejo estão extremamente long, o mercado costuma ter mais combustível de queda (liquidações de longs), e vice-versa. A divergência entre a razão por conta (varejo) e a razão por posição (baleias) também é observada como um sinal de smart money.

Com que frequência esta página é atualizada?

A CoinBoss coleta as razões long/short dos contratos perpétuos margeados em USDT das APIs oficiais da Binance, OKX e Bybit em frequência de minuto, e arquiva o histórico por hora. A Binance fornece razões por conta, por posição e taker; outras corretoras atualmente fornecem a razão por conta.

Volume 24h—Contratos em aberto—Liquidações 24h$81.38M Long/Short 24h—Dominância BTC—Dominância ETH—

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Razão long/short cripto

Name: Ratio long/short cripto | Ao vivo por corretora - CoinBoss
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Razão long vs short em tempo real dos traders de perpétuos margeados em USDT nas principais corretoras · visões por conta / posição / taker · atualizada a cada minuto

Histórico da razão long/short de BTC

Matriz de razão long/short

#	Moeda	Binance	OKX	Bybit	Bitget	Gate	HTX
1	BTC	1.52 60.3% / 39.7%	1.51 60.2% / 39.8%	1.70 62.9% / 37.1%	1.86 65.0% / 35.0%	1.49 59.8% / 40.2%	1.76 63.8% / 36.2%
2	ETH	3.02 75.1% / 24.9%	1.91 65.6% / 34.4%	2.49 71.3% / 28.7%	3.09 75.5% / 24.5%	1.53 60.5% / 39.5%	1.44 59.0% / 41.0%
3	SOL	2.42 70.8% / 29.2%	2.43 70.8% / 29.2%	2.88 74.2% / 25.8%	4.82 82.8% / 17.2%	2.02 66.9% / 33.1%	1.91 65.7% / 34.3%
4	ZEC	0.78 44.0% / 56.0%	0.74 42.5% / 57.5%	1.77 63.9% / 36.1%	1.09 52.1% / 47.9%	0.91 47.6% / 52.4%	1.00 50.0% / 50.0%
5	MAGIC	0.99 49.7% / 50.3%	0.99 49.7% / 50.3%	0.95 48.8% / 51.2%	0.71 41.5% / 58.5%	1.24 55.3% / 44.7%	—
6	NEAR	1.14 53.3% / 46.7%	0.72 41.9% / 58.1%	1.39 58.2% / 41.8%	1.70 62.9% / 37.1%	0.83 45.3% / 54.7%	1.83 64.6% / 35.4%
7	XRP	2.41 70.6% / 29.4%	3.02 75.1% / 24.9%	3.76 79.0% / 21.0%	5.45 84.5% / 15.5%	1.87 65.1% / 34.9%	2.23 69.1% / 30.9%
8	SOXL	3.59 78.2% / 21.8%	3.08 75.5% / 24.5%	2.27 69.4% / 30.6%	2.58 72.0% / 28.0%	1.77 63.9% / 36.1%	2.18 68.6% / 31.4%
9	HYPE	1.53 60.5% / 39.5%	2.19 68.7% / 31.3%	2.65 72.6% / 27.4%	2.18 68.5% / 31.5%	1.89 65.3% / 34.7%	2.70 73.0% / 27.0%
10	SNDK	3.58 78.2% / 21.8%	3.09 75.6% / 24.4%	1.43 58.8% / 41.2%	2.36 70.3% / 29.7%	3.70 78.7% / 21.3%	3.45 77.6% / 22.4%
11	XAU	3.33 76.9% / 23.1%	3.79 79.1% / 20.9%	2.35 70.2% / 29.8%	4.37 81.4% / 18.6%	2.67 72.8% / 27.2%	2.23 69.0% / 31.0%
12	SPCX	1.68 62.7% / 37.3%	2.12 67.9% / 32.1%	1.27 56.0% / 44.0%	—	1.25 55.5% / 44.5%	2.77 73.5% / 26.5%
13	WLD	1.72 63.2% / 36.8%	1.47 59.5% / 40.5%	2.48 71.3% / 28.7%	2.09 67.6% / 32.4%	1.80 64.3% / 35.7%	2.13 68.0% / 32.0%
14	US	1.06 51.3% / 48.7%	—	0.70 41.1% / 58.9%	0.85 45.8% / 54.2%	0.93 48.3% / 51.7%	—
15	KAIA	1.21 54.7% / 45.3%	—	0.94 48.5% / 51.5%	0.72 41.8% / 58.2%	0.94 48.4% / 51.6%	—
16	STRK	1.22 55.0% / 45.0%	1.03 50.7% / 49.3%	1.35 57.5% / 42.5%	1.40 58.4% / 41.6%	0.95 48.7% / 51.3%	—
17	SUI	2.07 67.4% / 32.6%	2.86 74.1% / 25.9%	3.34 77.0% / 23.0%	4.02 80.1% / 19.9%	2.15 68.2% / 31.8%	2.77 73.5% / 26.5%
18	CL	0.91 47.6% / 52.4%	0.90 47.4% / 52.6%	1.80 64.3% / 35.7%	—	0.67 40.0% / 60.0%	—
19	DOGE	2.43 70.9% / 29.1%	4.11 80.4% / 19.6%	3.57 78.1% / 21.9%	—	3.20 76.2% / 23.8%	1.20 54.5% / 45.5%
20	ADA	2.04 67.1% / 32.9%	1.65 62.3% / 37.7%	2.65 72.6% / 27.4%	—	1.79 64.2% / 35.8%	1.30 56.6% / 43.4%
21	QNT	0.98 49.6% / 50.4%	2.14 68.2% / 31.8%	1.26 55.8% / 44.2%	—	1.08 51.9% / 48.1%	1.56 61.0% / 39.0%
22	RLC	1.06 51.4% / 48.6%	—	0.91 47.7% / 52.3%	—	1.01 50.1% / 49.9%	1.22 55.0% / 45.0%
23	PUMP	0.96 49.1% / 50.9%	1.08 51.9% / 48.1%	—	1.75 63.6% / 36.4%	1.05 51.3% / 48.7%	0.92 47.8% / 52.2%
24	BAT	1.38 58.0% / 42.0%	0.80 44.4% / 55.6%	1.08 51.9% / 48.1%	—	0.78 43.7% / 56.3%	—
25	CRCL	4.96 83.2% / 16.8%	6.74 87.1% / 12.9%	3.75 79.0% / 21.1%	—	5.49 84.6% / 15.4%	—
26	ENA	1.45 59.1% / 40.9%	1.69 62.8% / 37.2%	3.07 75.4% / 24.6%	—	2.15 68.3% / 31.7%	1.44 59.0% / 41.0%
27	UNI	1.49 59.8% / 40.2%	1.68 62.7% / 37.3%	2.11 67.9% / 32.1%	—	2.33 70.0% / 30.0%	1.70 63.0% / 37.0%
28	FIL	2.22 68.9% / 31.1%	2.07 67.4% / 32.6%	2.31 69.8% / 30.2%	—	1.77 63.8% / 36.2%	1.94 66.0% / 34.0%
29	MU	1.84 64.8% / 35.2%	2.69 72.9% / 27.1%	1.50 60.0% / 40.0%	—	1.50 60.1% / 39.9%	0.64 39.0% / 61.0%
30	BZ	0.28 21.9% / 78.1%	0.38 27.5% / 72.5%	1.05 51.2% / 48.8%	—	0.40 28.6% / 71.4%	—
31	ONDO	2.13 68.1% / 31.9%	3.38 77.2% / 22.8%	4.72 82.5% / 17.5%	7.86 88.7% / 11.3%	2.44 70.9% / 29.1%	2.33 70.0% / 30.0%
32	DOT	2.26 69.3% / 30.7%	1.28 56.1% / 43.9%	2.34 70.0% / 30.0%	—	1.57 61.0% / 39.0%	1.63 62.0% / 38.0%
33	AVAX	1.92 65.7% / 34.3%	1.92 65.8% / 34.2%	2.81 73.7% / 26.3%	—	1.76 63.7% / 36.3%	5.13 83.7% / 16.3%
34	XAG	7.23 87.8% / 12.2%	6.13 86.0% / 14.0%	3.76 79.0% / 21.0%	—	4.43 81.6% / 18.4%	6.69 87.0% / 13.0%
35	BNB	2.17 68.5% / 31.6%	2.80 73.7% / 26.3%	2.59 72.1% / 27.9%	—	1.87 65.1% / 34.9%	2.06 67.3% / 32.7%
36	AAVE	1.66 62.5% / 37.5%	1.56 60.9% / 39.1%	1.87 65.2% / 34.8%	—	1.19 54.3% / 45.7%	1.78 64.0% / 36.0%
37	ATOM	1.79 64.2% / 35.8%	1.31 56.7% / 43.3%	2.75 73.3% / 26.7%	1.49 59.9% / 40.1%	1.20 54.5% / 45.5%	0.67 40.0% / 60.0%
38	OP	1.76 63.8% / 36.2%	1.56 60.9% / 39.1%	2.73 73.2% / 26.8%	—	1.34 57.2% / 42.8%	2.03 67.0% / 33.0%
39	LINK	1.58 61.3% / 38.7%	2.59 72.1% / 27.9%	2.54 71.8% / 28.3%	—	1.59 61.4% / 38.6%	1.97 66.3% / 33.7%
40	MSTR	1.96 66.2% / 33.8%	3.59 78.2% / 21.8%	1.25 55.5% / 44.5%	7.08 87.6% / 12.4%	1.39 58.2% / 41.8%	—
41	TAO	1.29 56.3% / 43.7%	2.69 72.9% / 27.1%	3.42 77.4% / 22.6%	—	2.21 68.8% / 31.2%	0.96 49.0% / 51.0%
42	CAP	1.23 55.1% / 44.9%	0.38 27.5% / 72.5%	0.79 44.0% / 56.0%	—	1.08 51.9% / 48.1%	—
43	OGN	0.77 43.5% / 56.5%	—	0.68 40.6% / 59.4%	0.87 46.5% / 53.5%	0.83 45.2% / 54.8%	—
44	SKHYNIX	3.46 77.6% / 22.4%	4.10 80.4% / 19.6%	1.73 63.3% / 36.7%	—	2.41 70.6% / 29.4%	2.95 74.7% / 25.3%
45	LUMIA	1.48 59.7% / 40.3%	—	1.06 51.5% / 48.5%	—	1.24 55.4% / 44.6%	—
46	MINA	0.99 49.8% / 50.2%	2.05 67.2% / 32.8%	2.41 70.7% / 29.4%	1.69 62.9% / 37.1%	2.92 74.5% / 25.5%	—
47	SOXS	1.64 62.1% / 37.9%	1.64 62.1% / 37.9%	1.48 59.7% / 40.3%	—	1.10 52.3% / 47.7%	1.00 50.0% / 50.0%
48	ARB	1.15 53.4% / 46.6%	0.98 49.5% / 50.5%	2.59 72.2% / 27.8%	—	1.94 66.0% / 34.0%	1.63 62.0% / 38.0%
49	ERA	1.57 61.1% / 38.9%	—	1.03 50.6% / 49.4%	—	2.47 71.2% / 28.8%	—
50	SAND	1.22 55.0% / 45.0%	2.13 68.1% / 31.9%	1.75 63.6% / 36.4%	—	1.39 58.2% / 41.8%	—
51	BCH	1.66 62.4% / 37.6%	2.75 73.3% / 26.7%	2.25 69.2% / 30.8%	—	1.84 64.8% / 35.2%	1.00 50.0% / 50.0%
52	JCT	0.88 46.7% / 53.3%	—	0.68 40.6% / 59.4%	—	1.07 51.7% / 48.3%	—
53	PEPE	—	2.59 72.1% / 27.9%	—	—	2.31 69.8% / 30.2%	2.27 69.4% / 30.6%
54	APT	2.04 67.1% / 32.9%	—	2.80 73.7% / 26.4%	—	1.44 59.1% / 40.9%	4.26 81.0% / 19.0%
55	INTC	3.28 76.7% / 23.3%	5.51 84.6% / 15.4%	3.65 78.5% / 21.5%	—	4.79 82.7% / 17.3%	—
56	KORU	5.84 85.4% / 14.6%	3.38 77.2% / 22.8%	2.44 70.9% / 29.1%	—	1.60 61.5% / 38.5%	1.36 57.7% / 42.3%
57	ZRO	0.93 48.2% / 51.8%	—	—	—	—	—
58	LITE	0.82 45.0% / 55.0%	0.82 45.1% / 54.9%	1.09 52.1% / 47.9%	—	0.38 27.5% / 72.5%	0.57 36.3% / 63.7%
59	NVDA	1.53 60.4% / 39.6%	2.11 67.8% / 32.2%	2.63 72.5% / 27.5%	—	2.49 71.4% / 28.6%	1.16 53.6% / 46.4%
60	LIT	1.04 51.1% / 48.9%	—	—	—	—	—
61	TSLA	2.13 68.0% / 32.0%	2.15 68.3% / 31.7%	1.63 62.0% / 38.0%	—	1.39 58.2% / 41.8%	—
62	TIA	2.04 67.1% / 32.9%	—	—	—	—	—
63	INJ	0.78 43.8% / 56.3%	—	—	—	—	—
64	ASTER	1.54 60.7% / 39.3%	—	—	—	—	—
65	JUP	1.96 66.2% / 33.8%	—	—	—	—	—
66	SNXX	2.80 73.7% / 26.3%	2.10 67.7% / 32.3%	1.62 61.9% / 38.1%	—	1.73 63.3% / 36.7%	1.50 60.0% / 40.0%
67	FET	1.47 59.6% / 40.4%	—	—	—	—	—
68	XAUT	1.05 51.2% / 48.8%	—	—	—	—	—
69	MET	1.06 51.4% / 48.6%	—	—	—	—	—
70	LTC	1.95 66.1% / 33.9%	—	—	—	—	—
71	TRUMP	1.61 61.7% / 38.3%	—	—	—	—	—
72	XMR	0.75 42.8% / 57.2%	—	—	—	—	—
73	HBAR	1.19 54.3% / 45.7%	—	—	—	—	—
74	ZK	1.69 62.8% / 37.2%	—	—	—	—	—
75	PENGU	1.02 50.4% / 49.6%	—	—	—	—	—
76	USELESS	0.61 37.8% / 62.2%	—	—	—	—	—
77	GRAM	1.44 59.0% / 41.0%	—	—	—	—	—
78	XPL	0.92 47.9% / 52.1%	—	—	—	—	—
79	XLM	1.04 50.9% / 49.1%	—	—	—	—	—
80	ICP	1.24 55.4% / 44.6%	—	—	—	—	—
81	CRV	0.93 48.1% / 51.9%	—	—	—	—	—
82	AERO	1.43 58.9% / 41.1%	—	—	—	—	—
83	LPT	1.86 65.0% / 35.0%	—	—	—	—	—
84	VVV	0.57 36.5% / 63.5%	—	—	—	—	—
85	龙虾	2.13 68.1% / 31.9%	—	—	—	—	—
86	XAI	1.90 65.5% / 34.5%	—	—	—	—	—
87	NIGHT	1.06 51.5% / 48.5%	—	—	—	—	—
88	WLFI	1.05 51.2% / 48.8%	—	—	—	—	—
89	APR	2.22 69.0% / 31.0%	—	—	—	—	—
90	SEI	0.95 48.6% / 51.4%	—	—	—	—	—
91	GALA	1.63 62.0% / 38.0%	—	—	—	—	—
92	TRX	1.11 52.7% / 47.3%	—	—	—	—	—
93	VIRTUAL	0.77 43.5% / 56.5%	—	—	—	—	—
94	PYTH	1.82 64.5% / 35.5%	—	—	—	—	—
95	PAXG	2.73 73.2% / 26.8%	—	—	—	—	—
96	ALGO	0.89 47.1% / 52.9%	—	—	—	—	—
97	ETHFI	0.73 42.3% / 57.7%	—	—	—	—	—
98	DASH	0.89 47.2% / 52.8%	—	—	—	—	—
99	CFX	1.19 54.4% / 45.6%	—	—	—	—	—
100	GRASS	1.01 50.2% / 49.8%	—	—	—	—	—
101	LDO	0.92 47.9% / 52.1%	—	—	—	—	—
102	W	1.51 60.2% / 39.8%	—	—	—	—	—
103	POL	1.00 49.9% / 50.1%	—	—	—	—	—
104	FARTCOIN	1.11 52.5% / 47.5%	—	—	—	—	—
105	ETC	1.40 58.3% / 41.7%	—	—	—	—	—
106	JTO	1.01 50.3% / 49.7%	—	—	—	—	—
107	AXS	1.30 56.4% / 43.6%	—	—	—	—	—
108	0G	0.61 37.7% / 62.3%	—	—	—	—	—
109	RENDER	1.16 53.7% / 46.3%	—	—	—	—	—
110	WIF	1.09 52.2% / 47.8%	—	—	—	—	—
111	Q	1.22 55.0% / 45.0%	—	—	—	—	—
112	SENT	0.54 35.3% / 64.8%	—	—	—	—	—
113	EIGEN	1.04 51.0% / 49.0%	—	—	—	—	—
114	CAKE	0.79 44.2% / 55.8%	—	—	—	—	—
115	MOVR	0.93 48.2% / 51.8%	—	—	—	—	—
116	ORDI	1.18 54.2% / 45.8%	—	—	—	—	—
117	BOME	1.30 56.5% / 43.5%	—	—	—	—	—
118	MON	1.04 51.0% / 49.0%	—	—	—	—	—
119	VET	1.03 50.7% / 49.3%	—	—	—	—	—
120	APE	1.54 60.6% / 39.4%	—	—	—	—	—
121	CHIP	1.38 58.0% / 42.0%	—	—	—	—	—
122	SKL	1.53 60.5% / 39.5%	—	—	—	—	—
123	PENDLE	0.81 44.6% / 55.4%	—	—	—	—	—
124	ZAMA	0.65 39.3% / 60.7%	—	—	—	—	—
125	SOON	1.25 55.5% / 44.5%	—	—	—	—	—
126	FRAX	2.52 71.6% / 28.4%	—	—	—	—	—
127	H	1.52 60.4% / 39.6%	—	—	—	—	—
128	KAS	2.11 67.9% / 32.1%	—	—	—	—	—
129	JASMY	1.66 62.3% / 37.7%	—	—	—	—	—
130	IMX	1.53 60.5% / 39.5%	—	—	—	—	—
131	MORPHO	0.69 40.9% / 59.1%	—	—	—	—	—
132	AR	0.96 49.0% / 51.0%	—	—	—	—	—
133	ALT	1.59 61.4% / 38.6%	—	—	—	—	—
134	OPG	1.59 61.3% / 38.7%	—	—	—	—	—
135	币安人生	0.97 49.3% / 50.7%	—	—	—	—	—
136	ALLO	0.53 34.7% / 65.3%	—	—	—	—	—
137	KITE	0.74 42.5% / 57.5%	—	—	—	—	—
138	BEL	2.86 74.1% / 25.9%	—	—	—	—	—
139	MANTA	1.78 64.1% / 35.9%	—	—	—	—	—
140	ENJ	1.63 62.0% / 38.0%	—	—	—	—	—
141	KAITO	1.01 50.3% / 49.7%	—	—	—	—	—
142	RIVER	3.44 77.5% / 22.5%	—	—	—	—	—
143	ROSE	1.76 63.8% / 36.2%	—	—	—	—	—
144	MANA	1.28 56.2% / 43.8%	—	—	—	—	—
145	PLUME	1.20 54.5% / 45.5%	—	—	—	—	—
146	ALICE	1.65 62.3% / 37.7%	—	—	—	—	—
147	CC	1.41 58.6% / 41.4%	—	—	—	—	—
148	RUNE	1.08 51.9% / 48.1%	—	—	—	—	—
149	LA	1.12 52.9% / 47.1%	—	—	—	—	—
150	FF	0.47 32.0% / 68.0%	—	—	—	—	—
151	STG	0.57 36.5% / 63.5%	—	—	—	—	—
152	TRB	1.51 60.1% / 39.9%	—	—	—	—	—
153	COMP	1.55 60.8% / 39.2%	—	—	—	—	—
154	ZEN	0.91 47.8% / 52.2%	—	—	—	—	—
155	VELVET	3.03 75.2% / 24.8%	—	—	—	—	—
156	A	1.89 65.4% / 34.6%	—	—	—	—	—
157	THETA	1.63 62.0% / 38.0%	—	—	—	—	—
158	UAI	1.50 60.0% / 40.0%	—	—	—	—	—
159	SPX	0.87 46.6% / 53.4%	—	—	—	—	—
160	CHZ	1.30 56.6% / 43.4%	—	—	—	—	—
161	SKY	0.79 44.1% / 55.9%	—	—	—	—	—
162	PEOPLE	1.05 51.3% / 48.7%	—	—	—	—	—
163	DYDX	2.01 66.8% / 33.3%	—	—	—	—	—
164	BEAT	3.77 79.0% / 21.0%	—	—	—	—	—
165	SNX	1.71 63.1% / 36.9%	—	—	—	—	—
166	GIGGLE	1.13 53.1% / 46.9%	—	—	—	—	—
167	ENS	1.04 51.1% / 48.9%	—	—	—	—	—
168	BASED	3.83 79.3% / 20.7%	—	—	—	—	—
169	BREV	2.27 69.4% / 30.6%	—	—	—	—	—
170	BILL	3.47 77.6% / 22.4%	—	—	—	—	—
171	SYRUP	1.26 55.8% / 44.2%	—	—	—	—	—
172	JST	1.31 56.8% / 43.2%	—	—	—	—	—
173	XTZ	1.47 59.5% / 40.5%	—	—	—	—	—
174	RAVE	3.79 79.1% / 20.9%	—	—	—	—	—
175	EGLD	0.96 49.0% / 51.0%	—	—	—	—	—
176	BIO	1.26 55.8% / 44.2%	—	—	—	—	—
177	ARX	1.22 54.9% / 45.1%	—	—	—	—	—
178	EDEN	1.26 55.8% / 44.2%	—	—	—	—	—
179	DEXE	2.12 67.9% / 32.1%	—	—	—	—	—
180	GWEI	1.81 64.4% / 35.6%	—	—	—	—	—
181	LINEA	1.88 65.3% / 34.7%	—	—	—	—	—
182	ESP	1.17 54.0% / 46.0%	—	—	—	—	—
183	MAV	2.09 67.7% / 32.4%	—	—	—	—	—
184	1INCH	1.75 63.6% / 36.4%	—	—	—	—	—
185	YFI	1.58 61.3% / 38.7%	—	—	—	—	—
186	MERL	2.09 67.6% / 32.4%	—	—	—	—	—
187	SYN	0.74 42.5% / 57.5%	—	—	—	—	—
188	CLO	3.79 79.1% / 20.9%	—	—	—	—	—
189	GRT	1.51 60.2% / 39.8%	—	—	—	—	—
190	ENSO	0.76 43.1% / 56.9%	—	—	—	—	—
191	HOME	1.39 58.1% / 41.9%	—	—	—	—	—
192	MEGA	0.80 44.6% / 55.4%	—	—	—	—	—
193	GENIUS	0.96 49.0% / 51.0%	—	—	—	—	—
194	BSB	4.43 81.6% / 18.4%	—	—	—	—	—
195	IOTA	1.23 55.1% / 44.9%	—	—	—	—	—
196	BERA	1.27 55.9% / 44.1%	—	—	—	—	—
197	POPCAT	2.71 73.0% / 27.0%	—	—	—	—	—
198	PNUT	1.80 64.3% / 35.7%	—	—	—	—	—
199	UB	1.53 60.5% / 39.5%	—	—	—	—	—
200	CELO	1.89 65.4% / 34.6%	—	—	—	—	—

Cada célula mostra a razão (long ÷ short), com verde = long % e vermelho = short %. As visões por posição e taker estão atualmente disponíveis apenas para a Binance.

Sobre a razão long/short

O que é a razão long/short?

A razão long/short compara a proporção de traders (ou o valor das posições) que mantêm posições long em relação às posições short nos futuros perpétuos. Uma razão de 2,0 significa o dobro no lado long em relação ao lado short; 0,5 significa que os shorts são o dobro dos longs.

De onde vêm os dados

Os dados long/short desta página vêm das APIs estatísticas oficiais das grandes corretoras de derivativos, como Binance, OKX e Bybit. Há três medidas independentes entre si — a razão por contas, a razão por posições e a razão de compra/venda taker —, e as páginas de top traders contam apenas as maiores contas de cada corretora. Os números são atualizados a cada 5 minutos, aproximadamente; a frequência de publicação de cada corretora aparece no gráfico.

O que cada número significa

A razão por contas compara quantas contas estão compradas (net long) versus vendidas (net short). A razão de posições dos top traders compara o tamanho nocional das posições long e short das maiores contas. A razão taker compra/venda compara ordens de compra a mercado agressivas com ordens de venda. Net Long vs Net Short acompanha esse equilíbrio ao longo do tempo, e as páginas BitMEX/Bitfinex mostram posições de margem reais. Valor 1,0 significa equilíbrio; 2,0, o dobro de longs em relação aos shorts.

Como o cálculo é feito

Razão por contas = contas net long ÷ contas net short. Razão de posições = nocional long ÷ nocional short. Razão taker = volume de compra agressiva ÷ volume de venda agressiva. As três são calculadas pela própria corretora; exibimos os valores oficiais sem recalculá-los.

Como interpretar os dados (três cenários)

1. Quando a razão por contas do varejo atinge um extremo altista enquanto a razão de posições dos top traders recua, a multidão e o dinheiro grande discordam — historicamente, um alerta contrário.

2. Um salto na razão de compra taker reflete perseguição de momentum de curto prazo; se o OI não sobe junto, esses impulsos costumam se esgotar rápido.

3. Viradas bruscas nas posições de margem long ou short da Bitfinex revelam reposicionamento de grandes traders e costumam anteceder movimentos direcionais de preço.

Interpretações equivocadas comuns

As três medidas respondem a perguntas diferentes e muitas vezes apontam para lados opostos — nunca tire a média delas nem use uma no lugar da outra.

A razão long/short mede sentimento, não fluxo: 70% das contas compradas pode conviver com um mercado equilibrado em valor USD, porque os tamanhos das posições diferem.

Limitações

Só entram as corretoras que publicam essas estatísticas, e cada uma define top traders do seu jeito. A razão por contas é fortemente influenciada por contas pequenas, e posições de hedge podem ser contadas dos dois lados.

Atualização e versões

Os dados são renovados a cada 5 minutos, aproximadamente; a frequência de cada corretora e as mudanças de definição são documentadas e versionadas aqui. Apenas informativo — não é recomendação de investimento.