Honestly, I check data like the long-short ratio every day. Right now, $BTC accounts across the platform have a ratio of 2.18 (68.5% long / 31.5% short).
But I never use it as the sole basis for placing trades. It’s more like a thermometer: it tells you whether it’s cold right now, but not what you should wear.
Do you keep an eye on the long-short ratio?

Just a market observation. Please make your own trading decisions.