Altcoins like XRP, ONDO, LINA, KAS, and DOT are among the Altcoins with the highest Long/Short Ratios, contributing to an average value of 2.48 across all Altcoins.
Currently, Bitcoin's Long/Short Ratio is at 0.87, which is relatively low and indicates that many traders have recently positioned themselves in shorts, resulting in a price increase. However, it's uncommon for this ratio to stay low for long (indicating a sentiment shift), and when the gap between the Long/Short Ratio of Altcoins and Bitcoin becomes large, Bitcoin’s price has historically struggled to continue rising, forming local tops over the past 240 days.
