[Futures Top Traders PICK] Bitcoin USD-margin long accounts fall 1.44 percentage points

Bitcoin’s share of long accounts in USD-margin futures fell 1.44 percentage points, the largest account-level change among the five major assets. Position-based long shares showed mixed, relatively narrow moves.

As of October 18, Ethereum’s USD-margin long position share fell 1.41 percentage points to 61.27%, while Solana declined 1.40 points to 68.52%. Bitcoin rose 0.55 points to 64.04%, XRP gained 0.29 points to 67.15%, and Dogecoin slipped 0.35 points to 76.30%.

In coin-margin positions, Solana recorded the largest increase, rising 1.30 percentage points to 86.72%. XRP fell 1.28 points to 83.80%, while Bitcoin, Ethereum and Dogecoin changed by no more than 0.32 points.

Among USD-margin accounts, Bitcoin’s long share dropped 1.44 percentage points to 63.17%. XRP declined 0.68 points to 77.37%, while Ethereum rose 0.36 points to 69.01%. Solana edged up 0.01 points to 73.53%, and Dogecoin slipped 0.03 points to 76.58%.

Coin-margin account readings were largely steady. Bitcoin rose 0.28 percentage points to 77.91%, while Ethereum fell 0.17 points to 80.23%. XRP declined 0.16 points to 86.93%, and Solana and Dogecoin gained 0.09 and 0.14 points to 85.63% and 91.12%, respectively.

Editor's note: Long-position and long-account shares can provide a snapshot of positioning among major cryptocurrency futures traders. The figures should be interpreted cautiously because futures contracts may also be used to hedge other holdings.

USD-margin and coin-margin data provide separate views of futures positioning, with the former settled in dollars and the latter margined in cryptocurrency.

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