Ethereum Long Positions Soar to 66% in Coin-Margined Futures

Ethereum (ETH) long positions surged to 66% in the coin-margined futures market on Thursday, July 30th, according to CoinGlass data. This marked a 5.47 percentage point increase from the previous day, making it the largest move among major assets tracked.

The rise in ETH's long position share was accompanied by similar increases in other assets, with Solana (SOL) rising to 78.35% and Bitcoin (BTC) edging higher to 69.44%. Dogecoin (DOGE), on the other hand, remained relatively steady at 74.36%

However, account-level positioning in coin-margined markets was largely unchanged, suggesting that existing traders increased their bet size rather than new accounts entering the market.