𝟳𝟲% 𝗼𝗳 $ETH 𝗳𝘂𝘁𝘂𝗿𝗲𝘀 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗮𝗿𝗲 𝗹𝗼𝗻𝗴. 𝗧𝗵𝗮𝘁 𝗻𝘂𝗺𝗯𝗲𝗿 𝗺𝗶𝘀𝗹𝗲𝗮𝗱𝘀.
On Binance's ETH perpetual, about 76% of accounts hold longs right now. For $BTC it's about 64%.
But every futures contract has a buyer and a seller. Total long size always equals total short size.
The ratio counts accounts, not money. Many small accounts on one side usually means fewer, larger ones on the other.
With ETH down about 5% today, it mostly shows who is underwater, not where price goes next.
NFA.
#FuturesTrading #CryptoBasics #Ethereum
On Binance's ETH perpetual, about 76% of accounts hold longs right now. For $BTC it's about 64%.
But every futures contract has a buyer and a seller. Total long size always equals total short size.
The ratio counts accounts, not money. Many small accounts on one side usually means fewer, larger ones on the other.
With ETH down about 5% today, it mostly shows who is underwater, not where price goes next.
NFA.
#FuturesTrading #CryptoBasics #Ethereum