Altcoins Are Splitting Into Two Extremes

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Lowest Long/Short Ratio
Lower positioning and reduced long exposure
BNX — 0.24
EDGE — 0.32
NIGHT — 0.35
OPN — 0.36
ESP — 0.36
BERA — 0.41
LA — 0.41
ENSO — 0.42
SIGN — 0.43
RESOLV — 0.43

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Highest Long/Short Ratio
Crowded longs and elevated liquidation risk
COAI — 5.70
ZEREBRO — 5.17
CHILLGUY — 4.69
MAVIA — 3.98
SCR — 3.95
XAG — 3.93
TST — 3.45
FIGHT — 3.30
TSLA — 3.27
AKE — 3.25

Positioning is becoming increasingly asymmetric.
Crowded longs tend to create fragility.
Low positioning often reflects lack of conviction.
Both sides matter.