XRP coin-margined long positions jump 4.8 pp as Bitcoin accounts rise

As of 11:04 a.m. on Oct. 14, CoinGlass data showed XRP’s long-position share among coin-margined top traders rising to 84.2%, up 4.8 percentage points from the previous day. On the same basis, Bitcoin stood at 68.04% (+0.42 pp), Ether at 76.56% (-0.08 pp), Dogecoin at 76.68% (+0.65 pp) and Solana at 84.47% (+1.21 pp).

In USDT-margined positions, XRP eased to 65.52%, down 0.87 percentage point. Bitcoin fell to 59.8% (-1.3 pp) and Ether to 60.67% (-0.65 pp), while Dogecoin rose to 75.88% (+0.74 pp). Solana was little changed at 68.25% (+0.02 pp).

By account count, the share of Bitcoin long accounts in the USDT-margined market rose to 58.36%, up 3 percentage points from the previous day. Ether also increased to 65.8% (+3.58 pp), XRP to 76.92% (+3.19 pp), while Solana was nearly flat at 72.2% (+0.1 pp) and Dogecoin rose to 76.48% (+0.72 pp).

Coin-margined account readings were mostly steady. Bitcoin was at 76.81% (+0.38 pp), XRP at 86.38% (+0.47 pp) and Ether at 77.74% (+0.46 pp). Solana slipped to 84.46% (-0.18 pp), while Dogecoin edged down to 89.92% (-0.06 pp).

Among top long-position shares, FORM led USDT-margined positions at 90.64%, followed by AT at 89.15% and HUMA at 87.98%. In coin-margined positions, BCH ranked first at 96.76%, ahead of SOL at 84.47% and XRP at 84.2%.

Top-trader futures positioning is often used as a gauge of crypto market sentiment because it tracks accounts with higher margin balances and more active risk management. Still, some futures positions may be used to hedge spot exposure, so the figures require additional interpretation. CoinGlass defines top traders as investors in the top 20% by margin balance. Dollar-margined markets are often used for lower-volatility trading and hedging, while coin-margined markets are more closely associated with investors seeking leveraged exposure to crypto assets.