Digital Currency
Add as a preferred source on GoogleThe account share fell while long positions took a larger share of futures exposure. Traders were watching spot demand against futures sales.
Coinglass data cited in an earlier EconoTimes report on Bitcoin’s recovery and futures positioning showed a lower share of top-trader accounts classified as net long, even as long positions took a larger share of futures position size.
The measures capture different things: how many accounts were net long and how much futures exposure was long.
The earlier report said traders were watching whether spot demand improved against futures sales.
Coinglass data showed a weekly net inflow even as tracked exchange holdings declined over the past day and month.
Tracked exchanges recorded about 1,200 BTC in daily net outflows, while the seven-day measure remained positive.
Open interest stood at $29 billion, down from $33.01 billion a day earlier; puts accounted for 53.76% of 24-hour volume.
