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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid a period of heightened caution in digital asset markets, top traders have significantly adjusted their exposure in the derivatives sector. According to reports, the share of long positions held by top traders in ETH coin-margined futures fell to 54.38%, representing a decline of 4.60 percentage points. This shift indicates a strategic de-risking move by leveraged participants as Ethereum continues to trade within a range-bound environment.
The reduction in Ethereum long exposure comes as altcoins face mixed sentiment, with investors closely monitoring ETF flows and on-chain activity. Compared to broader market performance, CoinGlass data suggests that this drop in ETH long positions is one of the most significant among major crypto assets in the current cycle, highlighting a cooling of bullish momentum relative to peers like Bitcoin per market data.
Technically, traders are watching immediate support levels to gauge price stability following the reduction in leveraged longs. Looking ahead, the market will focus on the Chinese Manufacturing PMI release on June 30, 2026, as a potential global risk appetite catalyst, followed by the UK Gross Domestic Product data on the same day, which could impact overall liquidity across financial markets.