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BTC Market Sentiment Snapshot: Retail Long-Short Ratio Data shows that approximately 61% of positions are currently in a net long state. Interestingly — this data itself has quite a bit of noise.
From a market momentum perspective, if BTC is to continue breaking upward, this ratio needs to start decreasing. Why? Because when longs are overly crowded, the space for a reverse shakeout is right there. Historical trends have repeatedly validated this logic.
Retail sentiment being overly one-sided often signals a contrarian indicator. So keep a close eye on this metric's changes — it might be more important than you think.