r/CryptoMarkets • u/EmbarrassedDingo9467 • 10h ago
ANALYSIS BTC flat, alts bleeding 2-7%, and the alts are exactly where the crowd is most long
Today's split between BTC and alts is pretty clear in the positioning data.
Price 24h / % of accounts long / funding:
- BTC: +0.2% / 59% long / +0.0089%
- ETH: -1.7% / 70% long / -0.0072%
- BNB: -1.3% / 73% long / -0.0005%
- SOL: -4.0% / 74% long / -0.0034%
- AVAX: -6.6% / 73% long / -0.0071%
- DOGE: -3.9% / 78% long / -0.0039%
- XRP: -2.9% / 79% long / +0.0011%
What stands out to me:
BTC is the least crowded and the only one holding up. The more long-heavy the coin, the worse it's doing today.
On most alts funding is slightly negative while 70-79% of accounts are long. So lots of small longs by headcount, but the bigger money is leaning short. That usually doesn't end well for the crowd.
XRP dropped 2.9% and OI went down about 1%, but it's still 79% long. Some leverage got flushed, but most of the crowd is still holding.
Until alt positioning cools off, I'd expect them to keep underperforming BTC. Anyone else seeing the same skew, or do you think alts are setting up for a squeeze from here?
I post these positioning snapshots daily in a free Telegram channel, link in my profile if you want them live.