Ether Leads Five Crypto Markets With a 75.9% Long-Account Share

Ether (ETH) had the largest share of long accounts across five crypto markets at 75.9% in a 7:06 a.m. ET (11:06 UTC) snapshot Saturday, Oct. 24. XRP was the only asset with negative funding; long accounts still made up 75.7% of accounts.

Long accounts outnumbered short accounts in all five markets. Ether's 75.9% share led XRP at 75.7%, Solana (SOL) at 74.9%, Dogecoin (DOGE) at 74.1% and Bitcoin (BTC) at 68.7%. Ether also led long-account shares at 76% in an earlier five-asset snapshot.

Funding sets periodic payments between traders on opposite sides of perpetual futures contracts. With a positive rate, long positions pay short positions every eight hours; a negative rate reverses the payment direction. Ether had the highest positive funding rate among the five assets, while XRP alone had a negative rate.

Ether's mark price was $2,371. Its funding rate was 0.0049% every eight hours, equivalent to 5.4% annualized. Open interest, the value of outstanding derivatives contracts, stood at $5.51 billion, down 1.84% over 24 hours. Long accounts made up 75.9% of accounts, compared with 24.1% short.

XRP's mark price was $1.28, and its funding rate was -0.0034% every eight hours, or -3.8% annualized. Open interest was $402.1 million after a 2.82% 24-hour decline. Long accounts accounted for 75.7%, while short accounts made up 24.3%.

Bitcoin's mark price was $80,671. Funding was 0.0037% per eight hours, or 4.1% annualized, and open interest reached $7.61 billion after falling 1.84% over 24 hours. Long accounts represented 68.7%, against 31.3% short.

Solana traded at a mark price of $101.69. Its funding rate was 0.0019% per eight hours, or 2.1% annualized. Open interest rose 0.47% to $888 million. Long accounts were 74.9%, compared with 25.1% short.

Dogecoin's mark price was $0.0776, with funding at 0.0004% every eight hours, or 0.4% annualized. Open interest totaled $213.3 million, down 2.62% over 24 hours. Long accounts made up 74.1%, while short accounts were 25.9%.