I just checked the long/short ratio for $BTC : large traders’ positions are at 1.62, with heavier long positions.
A bullish long/short ratio doesn’t mean the price will rise, just as a bearish one doesn’t mean it will fall. It’s more like a sentiment thermometer.
Just my personal take—it may not be accurate, so please use caution.
A bullish long/short ratio doesn’t mean the price will rise, just as a bearish one doesn’t mean it will fall. It’s more like a sentiment thermometer.
Just my personal take—it may not be accurate, so please use caution.