Just saw: $EVAA 's platform-wide account long/short ratio is 0.69 (40.7% long / 59.3% short), compared with 0.78 an hour ago.
People often ask what the platform-wide account long/short ratio means, so here's how I understand it.
This ratio only counts accounts trading Binance USDⓈ-M perpetual contracts. It reflects the sentiment of these contract traders, not spot users.
Rather than the reading at any one moment, the direction and speed of change in the long/short ratio are usually more worth watching.
Extreme readings often come with more dramatic volatility. At such times, it's better to reduce leverage rather than make a big bet.
People often ask what the platform-wide account long/short ratio means, so here's how I understand it.
This ratio only counts accounts trading Binance USDⓈ-M perpetual contracts. It reflects the sentiment of these contract traders, not spot users.
Rather than the reading at any one moment, the direction and speed of change in the long/short ratio are usually more worth watching.
Extreme readings often come with more dramatic volatility. At such times, it's better to reduce leverage rather than make a big bet.