What is the Long/Short Ratio?
The long/short ratio shows what percentage of traders are currently betting the price will go up (long) vs down (short). It's a measure of market sentiment — but with a twist: extreme readings are often contrarian signals. When too many traders are on the same side, the market tends to move against them.
💡 How to read this data
>65% long
Heavily long — risk of downward reversal
>65% short
Heavily short — potential short squeeze up
SM diverges
Smart money disagrees with retail — strong signal
45–55%
Balanced — no clear edge either direction