The market is cracking jokes again: $ETH all-account long/short ratio: 2.5 (71.4% long / 28.6% short), up from 2.37 an hour ago.
The long/short ratio is like a vote, except each account gets one vote.
But seriously, the total number of long positions and short positions across the market is always equal. An all-account long/short ratio above 1 only means that more accounts hold long positions, while the short positions are concentrated in fewer accounts.
It's more reliable to compare multiple data points than to look at just one, but no amount of signals can provide a definite answer.
#ETH
The long/short ratio is like a vote, except each account gets one vote.
But seriously, the total number of long positions and short positions across the market is always equal. An all-account long/short ratio above 1 only means that more accounts hold long positions, while the short positions are concentrated in fewer accounts.
It's more reliable to compare multiple data points than to look at just one, but no amount of signals can provide a definite answer.
#ETH