CryptoQuant's buysell ratio represents the buysell balance of the derivatives. SPOT volume is very high this year in the current ETF market, and spots are almost always ahead of derivatives. In such a case, it is meaningless to look at the buysell ratio of the derivatives by itself. The length of the period is also irrelevant. The point is to think about when the derivatives will enter the market, which will give you ideas for short-term trades.
Derivative entry at the bottom of the market tends to cause imbalance. After checking that flow, there is an idea to aim for a return to Value Area or Value Area High.
Written by Crypto_Lion