Glassnode: Altcoins Recover Without Fresh Leverage
- —Share of altcoins at 30-day highs fell from 49% on Sept. 22 to 6%
- —Only 19% of altcoins have funding above the neutral 0.01%
- —Median altcoin's profitable supply ratio rose from 3% to 23%
- —Altcoin futures open interest rose in dollar terms but fell in coin terms
Why it matters: A rally without fresh leverage lowers the risk of cascading liquidations, but most altcoin holders remain underwater.
Source: TokenPost