Tokens To Watch — Highest Long/Short Ratio
Here are the top 5 tokens with the highest long/short ratio at the moment. In case you are not familiar with this metric, here's a quick explanation:
- A token's long/short ratio can provide valuable insights into market sentiment.
- When the ratio shows many long positions compared to shorts, it signals strong bullish sentiment and suggests traders expect the price to rise.
- However, there’s a downside: too many traders are on the long side creates vulnerability. If the market suddenly turns or unexpected news hits, these heavily long tokens are likely to experience a sharp sell-off as traders rush to close positions, accelerating the downward move.
Here's the list:
1 - Linear Finance $LINA - Longs: 83%
2 - Hashflow $HFT - 83%
3 - Aevo $AEVO - 82%
4 - NKN $NKN - 81%
5 - Polkador $DOT - 81%