[Futures trader picks] Ethereum long accounts jump 23 points; XRP coin-margin positions rise 10.26 points

Ethereum’s dollar-margin long account share rose 23 percentage points, while Bitcoin’s increased 17 points. By position size, Ethereum’s dollar-margin long share gained 8.93 points and XRP’s coin-margin long share climbed 10.26 points.

Data for November 6 showed Ethereum’s dollar-margin long position share at 68%, up 8.93 percentage points from November 5. Bitcoin’s rose 2.66 points to 68%. XRP, Solana and Dogecoin recorded declines of 0.17, 2.31 and 0.46 points, respectively.

In coin-margined positions, XRP’s long share increased 10.26 percentage points to 83%. Bitcoin and Dogecoin gained 1.07 and 1.09 points, respectively, while Ethereum edged up 0.09 points. Solana’s share fell 1.82 points.

By account count, Ethereum’s dollar-margin long share rose 23 percentage points to 80%. Bitcoin gained 17 points to 77%. XRP increased 4.83 points to 79%, while Solana rose 2.89 points to 80%.

Changes in coin-margin long account shares were smaller. XRP gained 2.29 percentage points to 88%, while Bitcoin and Ethereum rose 2.14 and 2.32 points to 82% and 83%, respectively. Their increases were smaller than those recorded in dollar-margin accounts.

[Editor’s note]Position-based shares and account-based shares describe different aspects of futures positioning. The figures separate the share of positions held long from the share of accounts holding longs, with each measure reported for dollar-margin and coin-margin contracts.

The two margin categories showed different patterns across the major assets. Ethereum recorded the largest increase in dollar-margin long position share among the five tracked assets, while XRP led the increase in coin-margin long position share. Solana’s position-based long shares fell in both categories even as its account-based shares increased.