The market-watching mini-show is starting: the platform-wide long/short ratio for $EVAA accounts is 0.69 (40.9% long / 59.1% short).
There are more shorts, so I’m watching from the sidelines.
When the long/short ratio and funding rate both lean in the same direction, the market is more crowded, and the risk of a move in the opposite direction is greater.
#EVAA
There are more shorts, so I’m watching from the sidelines.
When the long/short ratio and funding rate both lean in the same direction, the market is more crowded, and the risk of a move in the opposite direction is greater.
#EVAA