Smart money traders have executed a dramatic shift in crypto positioning, slashing Ethereum (ETH) leveraged long positions by 25 times while holding strong Bitcoin (BTC) long exposure at 40x leverage and maintaining Solana (SOL) shorts at 20x leverage. This strategic realignment signals waning confidence in ETH and SOL while reinforcing bullish conviction in BTC performance.
The steep reduction in ETH long positions, representing a 25-fold decrease, indicates heightened caution or bearish sentiment toward Ethereum’s near-term price trajectory. Analysts suggest this reflects concerns over looming volatility drivers and shifting market catalysts impacting the network.
Bitcoin’s positioning shows resilience as long leverage remains steady at 40x, reflecting traders’ sustained confidence in BTC’s relative market stability. The robust exposure contrasts sharply with ETH’s pullback, reinforcing BTC’s preferred status among institutional players during market uncertainty.
Meanwhile, Solana continues facing bearish pressure with persistent 20x leveraged short positions. Professional traders appear skeptical about SOL’s prospects, possibly reflecting concerns about network execution or broader altcoin market risks.
The divergent positioning creates clear market demarcation: BTC remains a favored asset for leveraged upside bets while ETH faces significantly reduced long backing and SOL contends with active institutional skepticism.