Honestly, I check data like the long/short ratio a few times every day. Today, the ratio across $ETH accounts across the network is 2.80 (73.7% long / 26.3% short).
But I never make decisions based on it alone. It’s more like a weather forecast: it tells you whether it’s cold right now, but not what you should wear.
Do you use the long/short ratio as a reference?