Honestly, I used to watch the long/short ratio all the time. Whenever the percentage of longs was high, I’d follow suit and go long—only to get stopped out by a wick more than once.
Later, I realized the long/short ratio tells you which side most people are on, while the market often likes to move in the opposite direction.
Right now, $BTC ’s large-trader long/short position ratio is 1.99, with more traders going long. I’ll just take it as a reference.
Later, I realized the long/short ratio tells you which side most people are on, while the market often likes to move in the opposite direction.
Right now, $BTC ’s large-trader long/short position ratio is 1.99, with more traders going long. I’ll just take it as a reference.
