Incredible the battle in FUTURES that is happening these days. Nobody is clear about it, the uncertainty is clear and that is reflected in the percentages of LONGS and SHORTS that are almost 50/50.
However, there is a curious thing if we look at the LONS/SHORTS ratio and that is that, normally, when it reaches a value equal to or less than 1, which means that there are more SHORTERS than LONGERS, the price tends to rise quite strongly, liquidating the SHORTs positions...
BINANCE BTC LONGS vs SHORTS:
BINANCE ETH LONGS vs SHORTS:
Taking any of the two options seems to have equal chances of success, it is like tossing a coin, perhaps the best thing is to open positions with a tight stop in any direction waiting for the order to jump... At the moment I maintain some positions in both directions, but the current situation is curious, I suppose that the news that encourages investors to take one or the other direction have not yet arrived.
In any case, in my opinion and taking the historical daily data, we are very close to the Bottom of the LONGS/SHORTS ratio which may indicate also a strong rebound of the price upwards...
@toofasteddie
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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