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Many people still don't know how to read the long-short ratio, and they don't know how to survive in the market.
The higher the long-short ratio, the more long positions, and the market is closer to the bottom. The lower the long-short ratio, the more short positions, and the market is closer to the top. This is completely opposite to most people's understanding.
Take as an example, on September 6th, the long-short ratio hit a historical high of 3.42, and BTC hit a bottom at 49,000. On October 29th, the long-short ratio hit a historical low of 0.48, and BTC...
This indicator is not omnipotent. In a unilateral trend market, it will continue to be blunt at a high or low level and become ineffective. In a volatile market, it is more accurate.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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