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PTB Whale vs Retail Delta

The PTB whale vs retail delta: the share of top traders' PTB position that is long minus the share of all accounts that are long, in percentage points. The chart runs back to 2020 on Binance and 2023 on Gate. Below it: where today's reading ranks in the past 30 days and year, and what price did after the year's most extreme readings.

PTB whales are 9.5 pp more long than retail, the 83rd percentile of the past year (Gate top traders' positions 51.8% long vs 42.3% of all accounts). The delta is up 6.8 pp in 24 hours, at the 46th percentile of the past 30 days. In the past year it ranged from -36.4 pp (20 Oct 2025) to +27.0 pp (16 Dec 2025).

Gate top traders vs all accounts8,757 hourly readings in the past yearAs of 15:00 UTC

PTB whale vs retail Gate
+9.5 pp
top traders 51.8% longaccounts 42.3%
Percentile
83rd of 1y
46th of the past 30 days24h change +6.8 pp
1-year range
-36.4 to +27.0
low 20 Oct 2025high 16 Dec 2025
Other exchange
—
only Gate publishes both ratios for PTB

PTB top traders vs all accounts

Top trader positions long minus accounts long, pp

Chart: TradingView Lightweight Charts™

What PTB did after extreme readings

8757 hourly readings in the past year
Readings Hours (days) 24h median 24h hit rate 7d median 7d hit rate
Top 5%: whales most long vs retail 438 (44) — n=0 — — n=0 —
Bottom 5%: whales least long vs retail 438 (43) — n=0 — — n=0 —

Top 5%: readings of +13.7 pp or more; bottom 5%: -18.6 pp or less. A hit is a rise after the top 5% (whales leaned long) and a fall after the bottom 5%. For comparison, across every hourly reading PTB was higher 24 hours later — of the time (median —, n=0) and 7 days later — (median —). Prices: Binance spot PTB/USDT, hourly closes where this site recorded them, else daily closes. Readings cluster in episodes, so the samples overlap and are smaller than they look. This describes the past; it is not a trading signal and not financial advice.

How to read it. The delta is the share of top traders' PTB position that is long minus the share of all accounts that are long, in percentage points. Retail accounts usually lean long, so the delta sits below zero much of the time; what matters is where it stands against its own history. The chart shows Binance and Gate separately. Compare every coin on the whale vs retail hub and the long/short ratio page.

PTB whale vs retail FAQ

What is the PTB whale vs retail delta?

The share of PTB's top traders' combined position that is long, minus the share of all accounts with a PTB position that are long, in percentage points. Top traders are Binance's top 20% of futures users by margin balance, weighted by position size; the accounts ratio counts every account once.

How is the "after extremes" table built?

We take the hourly readings of the past year, keep the highest 5% and the lowest 5%, and compare PTB's Binance spot price at each reading with the price 24 hours and 7 days later: from hourly closes where this site has them, else from daily closes. The hit rate is how often price moved the way the whales leaned (up after the top 5%, down after the bottom 5%). Readings bunch together in episodes, so the number of distinct days is shown too.

Is it a trading signal?

No. The table describes what happened after past readings, before fees and funding, and a year holds only a handful of episodes. Nothing here is financial advice.