Decoding Bitcoin Futures Sentiment with the 24-Hour Long-Short Ratio

Understanding how traders feel about Bitcoin futures is crucial for making informed trading decisions. The long-short ratio, representing the balance of bullish (long) and bearish (short) positions held by traders, sheds light on this sentiment. This metric reveals whether traders are expecting price increases or decreases, offering a valuable insight into the collective mood surrounding Bitcoin. Analyzing this 24-hour data allows us to gauge current market sentiment and understand potential price movements.