TokenPost.ai
Ethereum (ETH) saw one of the sharpest pullbacks in top-trader futures positioning over the past day, with a notable reduction in long exposure across both USDT-margined and coin-margined accounts—an early signal that leveraged sentiment may be cooling even as broader crypto markets remain range-bound.
According to CoinGlass data recorded on Thursday 01:15 ET (05:15 UTC), the share of long positions held by top traders in ETH coin-margined futures fell to 54.38%, down 4.60 percentage points from the prior day—the largest decline among major assets tracked in the dataset.
In USDT-margined futures, long positioning also weakened across several large-cap tokens. Solana (SOL) posted a comparatively steep drop, with its long-position share slipping to 56.28% (down 2.17 percentage points). ETH’s USDT-margined long-position share edged lower to 58.26% (down 0.86 percentage points), while XRP (XRP) declined to 60.11% (down 0.77 percentage points).
Not all assets moved in the same direction. Dogecoin (DOGE) stood out as the main outlier, with long positioning rising in both markets—up to 67.34% in USDT-margined futures (up 1.61 percentage points) and 74.65% in coin-margined futures (up 0.90 percentage points). Bitcoin (BTC) sent mixed signals: its USDT-margined long-position share increased to 53.86% (up 0.62 percentage points), while its coin-margined share dipped to 59.96% (down 0.54 percentage points). XRP’s coin-margined long-position share was unchanged at 75.54%.
The shift was even more pronounced when measured by the proportion of accounts holding net long exposure. ETH’s USDT-margined long ‘account share’ dropped to 64.59%, down 6.68 percentage points day-over-day—the largest move among the major tokens observed. In the coin-margined segment, ETH also declined to 79.82% (down 1.43 percentage points), followed by Solana at 76.21% (down 1.26 percentage points) and Bitcoin at 73.36% (down 0.86 percentage points).
On the USDT-margined account metric, Dogecoin again led on the upside, rising to 74.71% (up 1.33 percentage points), while XRP ticked up to 75.38% (up 0.28 percentage points). Bitcoin and Solana weakened modestly in the same category, with BTC at 64.04% (down 1.16 percentage points) and SOL at 64.74% (down 1.08 percentage points). Dogecoin’s coin-margined account share rose slightly to 87.94% (up 0.16 percentage points).