Bitcoin and Ether both saw the share of top-trader accounts positioned net long decline in a CoinGlass futures snapshot dated Oct. 21, while their position-size readings moved in different directions.
In the reported dollar-margined figures, Bitcoin's net-long account share dropped 7.27 percentage points to 58.47%. Its long-position share rose 1.21 points to 65.31%, CoinGlass data showed.
Ether's net-long account share fell 5.50 points to 66.68%, while its long-position share slipped 0.01 point to 62.40%.
CoinGlass defines its top-trader group as accounts in the highest 20% by margin balance. The account metric classifies each account once, based on its net long or net short position; the position metric measures the long side's share of position size.
The snapshot's coin-margined account readings were 78.03% for Bitcoin and 80.81% for Ether, down 0.79 and 0.20 percentage points, respectively. A previous Bitcoin futures snapshot from Oct. 18 also showed the account and position shares moving in opposite directions.
