I just checked the long/short ratio for $BTC : 3.11 across all accounts, with more accounts going long.
When the long/short ratio and funding rate both lean in the same direction, it’s a stronger sign of crowding, and the risk of a move in the opposite direction is higher.
When the long/short ratio and funding rate both lean in the same direction, it’s a stronger sign of crowding, and the risk of a move in the opposite direction is higher.