Technical note | $XRP | Global account long/short ratio: 2.84 | Long 74% / Short 26%
Definition: This ratio only counts accounts trading Binance USDT-margined perpetual contracts. It reflects the preferences of these contract traders and does not include spot users.
How to read it: The long/short ratio is often viewed as a gauge of market crowding. When positions are heavily concentrated on one side, a price move in the direction that makes the majority uncomfortable can trigger more stop-losses.
Several data points confirming one another are more reliable than looking at just one, but even a larger set of indicators cannot provide a definitive conclusion.
Definition: This ratio only counts accounts trading Binance USDT-margined perpetual contracts. It reflects the preferences of these contract traders and does not include spot users.
How to read it: The long/short ratio is often viewed as a gauge of market crowding. When positions are heavily concentrated on one side, a price move in the direction that makes the majority uncomfortable can trigger more stop-losses.
Several data points confirming one another are more reliable than looking at just one, but even a larger set of indicators cannot provide a definitive conclusion.
