$BTC Large traders’ long/short position ratio: 1.72 (63.3% long / 36.7% short).
A bullish long/short ratio doesn’t mean the price will rise, and a bearish one doesn’t mean it will fall. It’s more like a gauge of how crowded the market is.
A genuine breakout is often accompanied by high volume, while a false breakout often isn’t. This is the method I use most often to judge breakouts.