[Futures Pro PICK] Ether USD-margined accounts jump 6.59pp; Dogecoin positions fall 6.06pp

The share of long accounts rose sharply for Bitcoin and Ether in USD-margined futures. Among positions, Dogecoin’s USD-margined long share posted a notable decline.

According to Coinglass data captured at 11:05 a.m. on Oct. 15, Dogecoin’s USD-margined long-position share fell 6.06 percentage points from the previous day to 69.82%. Ether declined 2.02 percentage points to 58.65%, while XRP and Solana slipped 1.83 and 1.44 percentage points to 63.69% and 66.81%, respectively.

In coin-margined positions, Ether’s long share decreased 0.92 percentage points to 75.64%. Bitcoin rose 1.66 percentage points to 69.70%, while Dogecoin and Solana gained 1.41 and 1.30 percentage points to 78.09% and 85.77%, respectively.

Among USD-margined accounts, Ether’s long-account share jumped 6.59 percentage points to 72.39%. Bitcoin climbed 6.41 percentage points to 64.77%, while Solana increased 2.37 percentage points to 74.57%.

Coin-margined accounts were comparatively steady. Ether recorded the largest increase among the five major assets, rising 1.58 percentage points to 79.32%, while Dogecoin gained 0.89 percentage points to 90.81%.

[Editor’s note] Trading patterns among leading cryptocurrency futures traders are often used to gauge market sentiment and potential direction. Coinglass defines top traders as investors in the highest 20% by margin balance. Some may use futures to hedge spot holdings, so the data requires additional context.

USD-margined markets are generally used to limit collateral volatility and support short-term trading and hedging. Coin-margined markets use cryptocurrency as collateral and are often favored by longer-term holders seeking leveraged exposure.

This article is based on market data and chart analysis and does not constitute investment advice.