[Futures trader picks] Ether coin-margin long share falls 3.04 points; XRP long accounts also decline

Ether’s share of coin-margined long positions fell 3.04 percentage points, while its dollar-margined share dropped 3.37 points. XRP recorded the largest decline in the share of coin-margined accounts holding longs among the five assets tracked.

Data for November 15 showed SOL’s coin-margined long position share fell 3.64 percentage points from November 14 to 82.42%, the largest decline among the five. ETH followed with a 3.04-point drop to 71.7%. XRP fell 2.82 points, BTC declined 2.7 points and DOGE slipped 1.88 points.

In dollar-margined positions, DOGE recorded the largest reduction, falling 5.2 percentage points to 70.22%. SOL declined 3.98 points to 65.56%, BTC dropped 3.58 points to 64.14% and ETH fell 3.37 points to 62.2%. XRP’s share decreased 0.44 points to 66.43%.

By account, XRP’s coin-margined long share fell 2.52 percentage points to 85.71%, the largest decline in the group. SOL dropped 1.53 points, ETH declined 1.33 points and BTC fell 0.92 points. DOGE registered the smallest decrease at 0.83 points.

Among dollar-margined accounts, ETH’s long share declined the most, dropping 3.72 percentage points to 77.54%. BTC fell 2.7 points and XRP declined 2.62 points, leaving both at 76.23%. DOGE dropped 1.43 points to 75.34%, while SOL fell 1.19 points to 80.41%.

[Editor’s note] The figures distinguish the share of positions that are long from the share of accounts holding longs. Both measures declined across BTC, ETH, XRP, SOL and DOGE in dollar-margined and coin-margined trading.

Coin-margined long account shares remained higher than the corresponding dollar-margined readings for all five assets. DOGE stood at 91.12%, followed by SOL at 88.01%, XRP at 85.71%, ETH at 83.03% and BTC at 81.29%.