🐋 $W Global accounts long/short ratio: 1.05 (51.2% long / 48.8% short).
To get an idea of how big money is positioning, many people look at the long/short ratio—but the two calculation methods measure completely different things.
This ratio only includes accounts on Binance USDⓈ-M perpetual contracts. It reflects the preferences of these contract traders, not spot traders.
The long/short ratio only counts contract positions; buy and sell orders in the spot market aren’t included. So take its implications for the overall market with a grain of salt.
All indicators only describe what has already happened. The market could just as easily move in the opposite direction.

#W