Glassnode: 85% of Altcoin Funding Rates Above Average, Market Enters Optimistic Phase

Odaily News, Glassnode stated that the altcoin market has entered an optimistic sentiment phase, with 85% of altcoin funding rates currently above their respective averages—the highest level for this metric since BTC was at its previous all-time high. Glassnode noted that during altcoin rallies, this funding rate condition can persist for several weeks.