Indicator Explanation

The gTrade Holder Concentration measures the long and short position dynamics of all traders on total crypto trading pairs on gTrade on-chain derivatives trading platform (Arbitrum, Polygon).

A positive (green) value indicates that a larger proportion of traders on gTrade are holding long positions, suggesting an relative bullish sentiment. Conversely, a negative (red) value indicates that a larger proportion of traders are holding short positions, suggesting an relative bearish sentiment.