Quick update, joke-style: $AKE whale long/short ratio: 1.29 (long 56.2% / short 43.8%), compared with 1.43 an hour ago.
The long/short ratio is like picking sides, except votes are counted by position size.
Seriously, what’s usually more interesting than a single figure is the direction the whale long/short ratio is moving: are whales adding to or reducing their long positions? That tells you more than whether the number is high or low.
It’s more reliable to look for confirmation across multiple indicators than to rely on just one, but even multiple indicators can’t provide a definitive answer.
#AKE
The long/short ratio is like picking sides, except votes are counted by position size.
Seriously, what’s usually more interesting than a single figure is the direction the whale long/short ratio is moving: are whales adding to or reducing their long positions? That tells you more than whether the number is high or low.
It’s more reliable to look for confirmation across multiple indicators than to rely on just one, but even multiple indicators can’t provide a definitive answer.
#AKE