A question: When the long/short ratio is high, does that mean longs have the upper hand?
The overall account long/short ratio = the number of accounts with net long positions divided by the number of accounts with net short positions. Each account counts as one, regardless of position size.
When looking at the long/short ratio, first check whether it is based on account counts or position size—the same figure means different things under different metrics.
A quick look: $BTC is trading at 76139.58, down 5.09% over 24h.

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