Silver gift long accounts 87.6%... open interest down 1% in 24 hours

Binance's XAG perpetual futures saw 87.6% of all accounts holding long positions versus 12.4% short as of 5:02 a.m. KST on November 10, while top-trader positions were 71.7% long and 28.3% short, according to ByKaranteli dashboard data. Open interest in XAGUSDT fell 1.0% over the 24-hour period even as long-account dominance persisted. The gap between the 87.6% account-level long share and the 71.7% top-trader long share suggests smaller traders are more heavily positioned to the upside than the largest accounts. The combination of crowded retail longs and declining open interest matters because it points to position unwinding rather than fresh capital entering the market. Watch whether open interest stabilizes or continues to fall, and whether the long skew narrows, as a signal of whether the bullish positioning is being tested.