$BTC |Large Traders’ Long/Short Position Ratio: 1.57|Long 61% / Short 39%
Before looking at positions, first understand the long/short ratio of large traders’ positions.
Large traders’ positions also include hedging and arbitrage trades, so a higher proportion of short positions doesn’t necessarily mean they’re bearish.
The long/short ratio is often seen as a sentiment gauge: when positions are heavily concentrated on one side, a move in the direction that makes most traders uncomfortable can trigger a cascade of stop-losses.
Don’t place an order at the most volatile moment. Wait for the price move to play out before deciding.

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For record-keeping only; this is not trading advice.