$JCT |All-account long/short ratio: 1.62|Long 61.9% / Short 38.1%
How should you interpret the all-account long/short ratio? It is the number of net-long accounts divided by the number of net-short accounts. It counts accounts only, not the size of their positions.
When the long/short ratio and funding rate both favor the same side, it’s a clearer signal that positions are concentrated. When they point in different directions, don’t rush to a conclusion.
Comparing multiple data points is more reliable than looking at just one, but even a range of indicators can’t provide a definitive conclusion.