Aegist

Net BTC Margin Position

Total BTCUSDLONGS minus the BTCUSDSHORTS in order to give you the total outstanding BTC margin debt.

ie: If there are 50,000 BTC longs, and 40 ,000 BTC shorts, then 50,000 has been bought, and 40 ,000 sold, leaving us with 10,000 BTC net remaining to be sold to give us an overall neutral margin position.

That isn't to say that the net margin position must move towards zero, but it is a sensible reference point, and historical net values may provide useful insights into the current circumstances.

(Anyone know what category this script should be in?)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?