The Net Longs chart displays two key metrics for a financial instrument, likely Bitcoin, over time: Price (USD) and Net Longs.

Price (USD) (top section, white line): Represents the market price of the asset in USD, plotted on the primary y-axis with a logarithmic scale. It enables the identification of price trends and volatility.

Net Longs (bottom section, gold line): Shown on the secondary y-axis, this metric measures the cumulative proportional change in net long positions, expressed as a percentage. It is calculated based on price and open interest changes: when both price and open interest rise, Net Longs increases, reflecting stronger bullish positioning; when both decline, Net Longs decreases, indicating a reduction in long positions. A sharp rise in Net Longs alongside a price increase may signal excessive leverage, suggesting a potential price pullback. A moderate or stable increase in Net Longs during a price rally indicates a more sustainable trend with balanced participation.

The chart, featuring a dark theme and a zoomable x-axis, supports detailed analysis of the relationship between Price and Net Longs, using separate y-axes. The legend distinguishes each series, and the absence of a navigator and scrollbar keeps the focus on the data. This chart equips traders to assess market dynamics and anticipate price movements, using Net Longs as an indicator of leverage and trend sustainability.