Ethereum Long Positions Drop Sharply in USDT Futures as Traders Trim Risk Exposure

A recent analysis of futures positioning among top crypto traders revealed modest shifts on Sunday, but account-level indicators pointed to a sharper pullback in bullish exposure, most notably in Ethereum (ETH) longs held in USDT-margined accounts.

Data published at 12:15 a.m. ET on Aug. 3 showed that while overall long-leaning positioning remained broadly stable across major tokens, the composition of leverage and the number of accounts holding long exposure diverged.

Ethereum's long-holding account share fell to 64.88%, a drop of 3.85 percentage points, the largest decline among major coins in the dataset.