During my lunch break, I saw: $BTC market-wide account long/short ratio: 1.58 (long 61.3% / short 38.7%).
The long/short ratio is like picking a side, but each account gets one vote.
For a bit of serious context, this ratio only includes accounts trading Binance USDⓈ-M perpetual contracts. It reflects the preferences of those contract traders and does not include spot users.
Don’t chase a trade during the wildest swings; wait for the price to settle before deciding.
#BTC
NFA. Do your own research.
The long/short ratio is like picking a side, but each account gets one vote.
For a bit of serious context, this ratio only includes accounts trading Binance USDⓈ-M perpetual contracts. It reflects the preferences of those contract traders and does not include spot users.
Don’t chase a trade during the wildest swings; wait for the price to settle before deciding.
#BTC
NFA. Do your own research.