Bitcoin Long/Short Ratio Enters “Unknown Territory”

[madmax]

While some metrics hint at a bottom, others paint a more complex picture.
Crypto analyst Joao Wedson points out that Bitcoin’s long/short ratio has stayed abnormally elevated for an extended period — a first in BTC’s history.
Typically, when BTC’s long/short ratio rises above altcoin averages, a bottom forms. But this cycle broke the pattern:
traders aggressively longed BTC throughout November, only to see multiple false bottoms as price continued falling.
Wedson warns that this behavior may encourage large players to push prices lower and liquidate overleveraged longs.

[Nahid Hossen]

BTC long/short ratio hitting unknown territory signals unusual trader behavior.