Just a quick chat: I used to especially like watching the long-short ratio. Whenever I saw a high proportion of longs, I’d follow along and open a long position, and more than once I got stopped out by a single spike.
Later I gradually understood: the long-short ratio reflects which side most people are on, and the market often likes to move in the opposite direction.
Today, the $ETH large-account position long-short ratio is 1.55, with a bit more going long. I’m just taking it as a reminder.