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

2026-08-24 10:07

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