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Ride BTC while the whales are long. Step aside when they leave. This BTC perpetual strategy watches one number: Blave's Holder Concentration. When it rises above 1, the large traders in the futures market are leaning long, and the strategy goes long. When it drops below 0, they have turned bearish, and the strategy closes out and waits in cash. In between it does nothing, so it doesn't get chopped up around the zero line. We re-ran the listed source code ourselves: February 2022 to October 2026 on 1-hour bars, +242.2% total return, 30.2% annualized, Sharpe 1.05, max drawdown −30.5%. Buying and holding BTC over the same period returned +117.8%. What is Holder Concentration, and why trade on it? Holder Concentration measures who holds the long and short positions in the futures market. Positive means longs are concentrated with the whales; negative means shorts are. Above 1, whales are relatively bullish; above 2, strongly bullish. The idea behind this strategy is simple: join the whales once they are already long, and don't stay after they leave. It doesn't try to call tops or bottoms. It only decides whether to be in the market right now. The rules: one threshold in, one threshold out The strategy reads Holder Concentration at every 1-hour close. Above 1.0, it goes long. Below 0.0, it goes flat. Between 0 and 1 it keeps whatever position it already has. That dead zone stops it from flipping in and out when the reading hovers near a threshold. It is long-only: when whales lean short, it sits in cash rather than reversing. Over the backtest it was in the market about 36% of the time. Backtest performance (Feb 2022 – Oct 2026, BTCUSDT perpetual, 1-hour bars) MetricValueTotal return+242.2%Annualized30.2%Sharpe1.05Max drawdown−30.5%Trades256Buy and hold, same period+117.8%MCPT p-value0.001 (2,000 permutations) Includes a 0.05% fee per side, Binance's standard taker rate on perpetuals. Backtest results, not a guarantee of future performance. What we checked before listing it We ran all three quality gates on the listed code, not on numbers the seller supplied. Look-ahead: re-running at five truncation points produced identical signals, so it uses no future data. Significance: the Monte Carlo permutation test gives p = 0.001, so the result is unlikely to be luck. Parameter robustness: shifting both thresholds two steps either way (0.25 per step) gives an average Sharpe of 1.01 across the neighbouring settings, 0.96× the chosen one. That is a plateau, not a spike. Data the listed backtest didn't use: hourly Holder Concentration actually goes back to May 2021, but the seller's backtest starts in February 2022. Taken on their own, those nine earlier months return +65.4% with a −21.4% max drawdown, while BTC fell about 33%. Three things to know before you run it First, the out-of-sample window is short. The thresholds were set on data from 2022 onward, and only the nine earlier months sit outside it. They held up well, but nine months is not a long-run guarantee. Second, the backtest does not include funding. Holding a long perpetual pays funding; using historical rates we estimate it at a little over 1% of notional across the whole period. That's small, but live results will run slightly below the backtest. Third, the drawdown is real: −30.5% at worst, and because it never shorts, its only defence in a bear market is sitting in cash. The "dead zone" in the title is the buffer between the entry and exit thresholds; the strategy itself does not go short. The rule is simple. Running it every hour is the work. The logic is all above. What takes time is pulling the reading every hour, checking the thresholds and placing orders without missing a bar. Blave Agent runs that chain for you: buy this strategy in the library for 70 TWD, then tell your Agent to deploy it. See the BTC Holder Concentration strategy in the library →