Ethereum (ETH) emerged as the clearest focus of top futures traders on Wednesday, with long exposure rising by more than three percentage points across both stablecoin- and coin-margined markets—an unusually decisive tilt that can signal shifting short-term sentiment among sophisticated participants.
Data compiled by CoinGlass at 12:15 a.m. ET on July 16 (04:15 UTC) showed that the long-position ratio for ETH increased to 57.51% in the USDT-margined market, up 3.27 percentage points day over day. In the coin-margined market, ETH longs climbed to 57.55%, up 3.18 percentage points. The… Read more
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