Just a note: I used to really like checking the long-short ratio. Whenever I saw that the proportion of long positions was high, I’d follow suit and go long, only to get stopped out by a sudden wick several times.
Later, I realized that the long-short ratio tells you which side most people are on, while the market often likes to move in the direction with fewer people.
Today, the long-short ratio across all accounts is 3.03 for $BTC , with more people going long. I’ll just use it as a reference.
#BTC
Later, I realized that the long-short ratio tells you which side most people are on, while the market often likes to move in the direction with fewer people.
Today, the long-short ratio across all accounts is 3.03 for $BTC , with more people going long. I’ll just use it as a reference.
#BTC