[Futures trader picks] XRP coin-margin longs rise 3.14 points as ETH long accounts fall 2.19 points

XRP’s coin-margin long position share rose 3.14 percentage points, while Dogecoin’s dollar-margin long share fell 3.62 points. Ethereum recorded the largest decline in the share of dollar-margin accounts holding long positions among the five major tokens tracked.

Data for November 12 showed XRP’s coin-margin long position share reaching 84.31%, up 3.14 percentage points from November 11. Solana rose 0.98 points to 86.55%. Bitcoin and Ethereum each fell 0.35 points, while Dogecoin slipped 0.03 points.

In dollar-margin positions, Dogecoin’s long share fell 3.62 percentage points to 72.53%, followed by XRP, down 2.69 points to 67.46%. Bitcoin rose 0.52 points to 69.57%, while Ethereum declined 0.28 points to 64.90% and Solana slipped 0.10 points to 68.52%.

By account, Ethereum’s dollar-margin long share fell 2.19 percentage points to 76.63%. Bitcoin declined 0.18 points to 76.92%, Solana fell 0.28 points to 80.80%, and Dogecoin dropped 0.25 points to 76.84%. XRP increased 0.27 points to 78.99%.

Coin-margin long account shares changed by less than one percentage point across all five tokens. Bitcoin fell 0.40 points to 82.04%, Ethereum rose 0.08 points to 83.60%, XRP gained 0.22 points to 88.10%, Solana slipped 0.07 points to 89.39%, and Dogecoin declined 0.50 points to 92.15%.

[Editor’s note]Position shares and account shares describe different aspects of positioning. XRP’s coin-margin long position share increased 3.14 percentage points, while its long account share rose 0.22 points.

Coin-margin long shares exceeded dollar-margin long shares across all five tokens, both by position and by account. Solana had the highest coin-margin long position share among the five at 86.55%, while Dogecoin led their coin-margin long account shares at 92.15%.