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Positioning Structure

BTC vs Alt Greed split, Top Trader vs Retail Long/Short divergence, and the cross-venue L/S heatmap. Reveals where the crowd sits and where smart money sits opposite.

BTC vs Alt Greed

Composite Greed split into BTC-only and altcoin baskets. Large divergence = regime change (alt season ignition or distribution top).

Top Trader vs Retail L/S

Account-LS (retail) vs OI-LS (top trader OI weighted). Divergence = smart money positioned opposite to the crowd.

Net Position

Long/short split and net skew (long% − short%) on two dimensions: Account (retail crowd) and OI (open-interest weighted, top traders). The net trend reveals which side is gaining control over the last 24h.

Long/Short Heatmap

Treemap of perpetual L/S positioning. Area = open interest, colour = ratio deviation from 1 (green = long-heavy, red = short-heavy).

Long/Short Ratio Extremes

Most crowded positioning by account L/S ratio. High long ratio = crowded longs (squeeze-down risk); high short ratio = crowded shorts (squeeze-up risk).