Honestly, I check the long-short ratio every day. Today, $BTC accounts across the entire network are at 1.47 (59.6% long / 40.4% short).
But I never use it on its own to place a trade. It’s more like a weather forecast: it tells you how things are right now, but not what you should bring.
Do you usually keep an eye on the long-short ratio?

#BTC

Just my personal perspective—it may not be accurate, so take it with a grain of salt.