Top futures traders trimmed long exposure in Solana (SOL) and Dogecoin (DOGE) on Tuesday ET, according to Coinglass data, offering a fresh snapshot of how leveraged sentiment is rotating across major tokens in the ‘USDT-margined’ and ‘coin-margined’ derivatives markets.
The dataset tracks positioning among “top traders,” which Coinglass defines as accounts in the top 20% by margin balance. While the figures can be a useful gauge of risk appetite, they do not always represent outright directional bets—some participants use futures to hedge spot holdings—meaning shifts in long ratios may… Read more
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