[Top Futures Trader PICK] Ethereum USD margin long account down slightly by 1.76%p... Position also down by 1.21%p

Ethereum's USDT-margined long position ratio on futures markets slipped 1.21 percentage points to 61% as of 9:15 a.m. on the 1st, according to Coinglass data cited in the report, while the share of accounts holding long positions fell 1.76 percentage points to 72%. Bitcoin's dollar-margined long ratio also declined 0.71 percentage points, with other major tokens showing shifts of less than 1 percentage point. Coin-margined long ratios were largely flat, though Ethereum's rose 0.52 percentage points to 75%, diverging slightly from the dollar-margined trend. The modest pullback in both funding-weighted long exposure and the number of accounts positioned long suggests a mild cooling in leveraged bullish sentiment on Ethereum derivatives. Traders will be watching whether long ratios stabilize or extend their decline, as further unwinding could signal shifting positioning ahead of upcoming volatility.