Crypto Market Signals Shift Towards Cautious Risk-Taking Amid USDT-Margined Declines
The top-trader long positioning in major cryptocurrencies showed mixed results on Tuesday. In USDT-margined futures, Dogecoin (DOGE) and Ethereum (ETH) saw notable declines in the share of accounts holding long exposure.
According to CoinGlass data captured at 8:15 p.m. ET, the proportion of long positions by position size changed modestly across major assets. XRP (XRP) posted a 61.17% long ratio, down 1.54 percentage points, while Dogecoin (DOGE) rose to 70.93%, up 1.42 points.
In coin-margined contracts, often used by longer-term crypto holders seeking leverage, the long skew by position was stronger across the board. XRP (XRP) registered 81.62% (+1.41 points), Solana (SOL) 77.23% (+0.87 points), Dogecoin (DOGE) 75.17% (+0.76 points), and Bitcoin (BTC) 68.44% (+0.61 points).