[선물 고수 PICK] 비트코인 코인 담보 포지션 8.27%p 급증…XRP 계좌 달러 담보 3.40%p 하락

Bitcoin Dominates Long Position Increases, XRP and Dogecoin See Sharp Gains

According to CoinGlass data as of 9:15 a.m. on April 4, Bitcoin’s long position share in coin-collateralized markets rose to 76.25%, a 8.27 percentage point increase from the previous day. XRP’s long position share climbed to 80.54%, up 6.24 percentage points, while Dogecoin’s long position share reached 92.50%, an increase of 5.29 percentage points, according to the data.

USDT-Collateralized Markets Show Mixed Trends

In USDT-collateralized markets, Bitcoin’s long position share fell to 64.77%, a 2.51 percentage point decline, the most pronounced drop among major assets. Solana’s long position share decreased to 69.63%, down 1.46 percentage points, while Ethereum’s long position share dropped to 60.98%, a 0.96 percentage point decrease. XRP and Dogecoin saw minimal changes, with long position shares rising by 0.70 percentage points and 0.70 percentage points, respectively.

Account-Based Long Position Shifts Highlight Market Dynamics

On a per-account basis, USDT-collateralized markets saw XRP’s long position share fall to 72.25%, a 3.40 percentage point decline, while Ethereum’s long position share dropped to 61.55%, a 1.92 percentage point decrease. Dogecoin’s long position share fell to 76.83%, a 1.56 percentage point drop. In coin-collateralized markets, Bitcoin’s long position share surged to 80.94%, a 3.36 percentage point increase, while Ethereum’s long position share rose to 80.24%, a 2.36 percentage point gain.

Market Analysis: U and C Markets Reflect Divergent Investor Strategies

CoinGlass data highlights the distinction between U markets (dollar-collateralized) and C markets (coin-collateralized). U markets, often favored by institutional investors for stability, are used for risk mitigation and short-term trading. C markets, which saw Bitcoin’s long position share rise sharply, attract long-term holders and bullish investors using cryptocurrency to amplify positions.

Editor’s Note: Interpreting Long Position Data

Long position data from top traders—defined by CoinGlass as those in the top 20% of margin balances—provides insight into market trends. However, analysts caution that some traders may use futures contracts for hedging rather than direct speculation, requiring additional context for accurate interpretation.