A quick note: $JCT The platform-wide account long/short ratio is 0.52 (34% long / 66% short), compared with 0.58 an hour ago.
People often ask what the platform-wide account long/short ratio means. Here’s how I understand it.
This ratio only counts accounts trading Binance USDⓈ-M perpetual contracts. It reflects the preferences of these derivatives traders, not spot traders.
Some people use the account long/short ratio as a contrarian indicator, but that’s just a rule of thumb, and it often doesn’t work.
It’s more reliable to look for confirmation across multiple indicators than to rely on just one, but even more signals can’t give you a definitive answer.
People often ask what the platform-wide account long/short ratio means. Here’s how I understand it.
This ratio only counts accounts trading Binance USDⓈ-M perpetual contracts. It reflects the preferences of these derivatives traders, not spot traders.
Some people use the account long/short ratio as a contrarian indicator, but that’s just a rule of thumb, and it often doesn’t work.
It’s more reliable to look for confirmation across multiple indicators than to rely on just one, but even more signals can’t give you a definitive answer.