Indicator Explanation Tutorial

Holder Concentration is a open interest analysis indicator, which indicates the concentration of long and short positions among perpetual futures market traders. A higher value suggests that positions are concentrated among a few large traders, the whales, institutions and exchanges, conversely, a lower value suggests a dispersed position distribution. A positive value (green bar) indicates that whales hold more long positions, and a negative value (red bar) indicates that whales hold more short positions.

The Overview page displays market-wide concentration status and token ranking, the Change page supports you to identify token ranking with change of concentration, and the Sector page shows the concentration status of crypto sectors.