I just checked the long/short ratio for $XRP : the network-wide account ratio is 2.93, with more accounts going long.
A long-biased ratio doesn’t mean the price will rise right away, just as a short-biased ratio doesn’t mean it will fall. It’s more like a gauge of how crowded the market is.
A long-biased ratio doesn’t mean the price will rise right away, just as a short-biased ratio doesn’t mean it will fall. It’s more like a gauge of how crowded the market is.