Honestly, a friend asked me how to interpret the long-short ratio, so I used $BTC as an example:
The long-to-short ratio by positions is 1.45, meaning that by position size, 59.1% are long and 40.9% are short.
A ratio above 1 means there are more longs, while a ratio below 1 means there are more shorts. But remember: the more lopsided the ratio, the more wary you should be of a move in the opposite direction.
The long-to-short ratio by positions is 1.45, meaning that by position size, 59.1% are long and 40.9% are short.
A ratio above 1 means there are more longs, while a ratio below 1 means there are more shorts. But remember: the more lopsided the ratio, the more wary you should be of a move in the opposite direction.