For every 1 short account on OKX there are 2.85 long accounts, and price is still flat. 📚
The Ronon Crypto daily brief puts the BTC long to short account ratio on OKX at 2.85, which means about 2.9 long accounts for every short account, while Bitcoin funding sits at 0.0091 percent, near the 0.01 percent baseline, and open interest is 2.61 billion dollars, down 0.6 percent from yesterday. 💡 Here is the part most traders miss, the ratio counts accounts, not money, so it tells you how crowded the long side is, not how big it is, and when the crowd is long while price goes nowhere, a break of support at 75,300 dollars can turn into a long liquidation cascade. My rule is simple, never copy the crowd just because it is big, because the crowd is usually right in a trend and usually wrong at a turning point.
Do you trade with the 2.85 long crowd, or wait for the crowd to get flushed first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
The Ronon Crypto daily brief puts the BTC long to short account ratio on OKX at 2.85, which means about 2.9 long accounts for every short account, while Bitcoin funding sits at 0.0091 percent, near the 0.01 percent baseline, and open interest is 2.61 billion dollars, down 0.6 percent from yesterday. 💡 Here is the part most traders miss, the ratio counts accounts, not money, so it tells you how crowded the long side is, not how big it is, and when the crowd is long while price goes nowhere, a break of support at 75,300 dollars can turn into a long liquidation cascade. My rule is simple, never copy the crowd just because it is big, because the crowd is usually right in a trend and usually wrong at a turning point.
Do you trade with the 2.85 long crowd, or wait for the crowd to get flushed first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
