Bitcoin (BTC) long positioning among top futures traders eased on Friday, with the sharpest pullback concentrated in ‘USDT-margined’ accounts—an early sign that some leveraged bulls are de-risking rather than adding exposure ahead of the next directional move.
Data from Coinglass, compiled at 9:15 a.m. KST on Aug. 8 (12:15 a.m. UTC), showed that in ‘coin-margined’ futures (positions collateralized with crypto), BTC’s long share by position slipped to 65.67%, down 2.05 percentage points from the prior day. That represented the largest swing within the coin-margined group, making BTC the most… Read more
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