$ETH Network-wide account long/short ratio: 2.78 (73.5% long / 26.5% short).
Let's break this number down.
The same account long/short ratio can mean different things for different coins: some coins stay above 1 for long periods, so you need to compare them with their historical levels.
A high long/short ratio doesn't mean the price is about to rise, just as a low ratio doesn't mean it's about to fall. It describes the distribution of positions, not a price prediction.
Extreme readings are usually accompanied by greater volatility. At times like these, it's better to reduce your position size rather than make a big bet.
#ETH
Let's break this number down.
The same account long/short ratio can mean different things for different coins: some coins stay above 1 for long periods, so you need to compare them with their historical levels.
A high long/short ratio doesn't mean the price is about to rise, just as a low ratio doesn't mean it's about to fall. It describes the distribution of positions, not a price prediction.
Extreme readings are usually accompanied by greater volatility. At times like these, it's better to reduce your position size rather than make a big bet.
#ETH