[Futures traders’ picks] Solana dollar-margin long share drops 5.01 points; Bitcoin long accounts rise

Solana’s dollar-margin long position share fell 5.01 percentage points, while Ethereum’s coin-margin long position share declined 3.80 points. Bitcoin’s share of dollar-margin accounts holding longs rose 2.92 points.

On October 30, Solana’s dollar-margin long position share stood at 67%, recording the largest daily decline among the five assets tracked. Bitcoin’s share fell 2.09 percentage points to 63%, and Ethereum’s dropped 3.16 points to 62%. XRP rose 1.34 points to 71%, while DOGE edged up 0.23 points to 78%.

In coin-margin positions, Ethereum’s long share fell 3.80 percentage points to 73%. Bitcoin rose 1.80 points to 74%. XRP slipped 0.77 points to 81%, while Solana and DOGE increased 0.26 points and 0.67 points to 88% and 79%, respectively.

Among dollar-margin accounts, Bitcoin’s long share increased 2.92 percentage points to 72%, diverging from the decline in its long position share. Ethereum’s long account share fell 4.43 points to 73%. XRP declined 3.66 points to 76%, Solana dropped 3.09 points to 77%, and DOGE fell 4.22 points to 76%.

Coin-margin long account shares increased across all five assets, with gains ranging from 0.68 to 1.22 percentage points. XRP posted the largest increase, rising 1.22 points to 88%. Bitcoin gained 1.02 points to 80%, Ethereum rose 1.17 points to 82%, Solana added 0.68 points to 88%, and DOGE increased 1.07 points to 92%.

[Editor’s note]Position shares and account shares measure different aspects of futures positioning. Bitcoin’s dollar-margin figures illustrate the distinction: the share of accounts holding longs increased even as the long position share declined.

The changes also differed by margin type. Dollar-margin long account shares fell for Ethereum, XRP, Solana and DOGE, while their coin-margin long account shares increased. Bitcoin recorded increases in long account shares in both categories.