Shorts And Longs Ratio
as you know market is the power translation of or simply buyer and seller. any other fundamental data is being translated to these two things.
people have two options to buy or to sell! we either!
when these forces are balanced we are at a state that we call equilibrium. but when these forces are unbalanced we should expect price to move to a direction in which majority of trader lose their money. so in this exact situation 60% of people are short so we should long.