Ethereum Leads Surge in Bullish Futures Positions Among Top Crypto Traders

Futures positioning among top crypto traders shifted more bullish on July 25, according to CoinGlass data. The increase was most pronounced in 'coin-margined' contracts for Ethereum (ETH), which rose to 64.02%, up 2.24 percentage points from the prior day.

This is notable because coin-margined futures are often associated with a structurally bullish posture, as profits and losses are crypto-denominated and can compound if the asset rises.

Bitcoin (BTC) also saw an increase in long positions among accounts using USDT collateral, jumping to 62.46% (+0.41pp), while Ethereum's USDT-margined long position rose to 58.12% (+0.25pp).