Crypto Traders Trim Solana, Dogecoin Longs as Bitcoin and Ethereum Gain

Top futures traders have reduced their long exposure in Solana (SOL) and Dogecoin (DOGE), while increasing it in Bitcoin (BTC) and Ethereum (ETH), according to Coinglass data.

The USDT-margined market saw a decline in Dogecoin's long-position share by position size, dropping 1.88 percentage points to 67.24%, the largest decline among major tokens.

In contrast, Bitcoin rose to 56.40% (+1.44 percentage points) and Ethereum climbed to 59.81% (+1.16 percentage points), both posting gains of more than 1 percentage point.

The coin-margined market showed a different picture, with Solana recording the biggest increase in long-position share by position size, rising to 55.82% (+1.63 percentage points).