Honestly, I take a quick look at long/short ratio data every day. Right now, $ETH large traders' position ratio is 1.42 (58.7% long / 41.3% short).
But I never use it as the sole basis for placing trades. It’s more like a weather forecast: it tells you whether it’s hot right now, but not what you should wear.
Do you usually use the long/short ratio as a reference?