Today's market comedy, served up: $BTC — the all-platform account long/short ratio is 1.52 (60.3% long / 39.8% short).
Think of the long/short ratio as a vote, except everyone gets just one vote.
On a more serious note, the all-platform account long/short ratio counts accounts with tiny positions and accounts with huge positions equally, so it’s closer to a measure of overall sentiment.
It’s more prudent to look for confirmation across multiple data points than to rely on just one, but no amount of signals can provide a definitive answer.
#BTC
This is a personal opinion, not a specific trading recommendation.
Think of the long/short ratio as a vote, except everyone gets just one vote.
On a more serious note, the all-platform account long/short ratio counts accounts with tiny positions and accounts with huge positions equally, so it’s closer to a measure of overall sentiment.
It’s more prudent to look for confirmation across multiple data points than to rely on just one, but no amount of signals can provide a definitive answer.
#BTC
This is a personal opinion, not a specific trading recommendation.