TokenPost.ai
Ethereum (ETH) saw a sharp increase in bullish leverage positioning on Thursday, underscoring a renewed tilt toward risk among top derivatives traders even as account-level positioning in coin-margined markets remained largely flat.
According to CoinGlass data captured at 00:15 UTC on July 30, the share of long positions in ETH on the coin-margined futures market climbed to 66.02%, up 5.47 percentage points from the previous day—by far the most notable move among major assets tracked in the dataset.
In the same coin-margined segment, XRP (XRP) long positioning eased to 80.34% (down 1.28 percentage points), while Solana (SOL) increased to 78.35% (up 1.12 percentage points) and Bitcoin (BTC) edged higher to 69.44% (up 1.00 percentage point). Dogecoin (DOGE) remained broadly steady at 74.36% (down 0.81 percentage point).
Changes were also visible in the USDT-margined market, where ETH long positioning rose to 57.66%, up 2.15 percentage points, marking the clearest day-over-day shift in that segment as well. SOL ticked up to 62.34% (up 1.21 percentage points) and DOGE to 72.05% (up 1.12 percentage points). BTC slipped slightly to 61.29% (down 0.84 percentage point), while XRP was largely unchanged at 61.43% (up 0.26 percentage point).
Beyond position sizing, CoinGlass’ account-based breakdown suggested a more muted shift in trader participation. In USDT-margined accounts, the proportion of accounts holding BTC longs fell to 62.67% (down 1.93 percentage points), while DOGE rose to 77.87% (up 1.92 percentage points). ETH increased modestly to 63.08% (up 1.50 percentage points), while XRP and SOL showed limited movement at 75.22% (down 0.39 percentage point) and 75.17% (up 0.18 percentage point), respectively.
Account-level positioning in coin-margined markets was largely in a holding pattern, reinforcing the idea that Thursday’s standout move was concentrated in ETH’s position mix rather than a broad-based surge in participation. BTC long-holding accounts dipped to 70.15% (down 0.86 percentage point), while ETH held at 75.90% (up 0.08 percentage point). XRP came in at 84.95% (down 0.14 percentage point), SOL at 81.51% (down 0.09 percentage point), and DOGE at 89.14% (down 0.01 percentage point).
The divergence—ETH longs rising sharply by position share while account-level metrics remain steady—can reflect a scenario where existing traders are adding exposure rather than new traders entering the market. In futures, that kind of shift can indicate increasing confidence in near-term upside, though it can also raise sensitivity to liquidations if price moves against crowded leverage.