Glassnode: share of altcoins with elevated funding rates falls below 5%
- —Altcoins with elevated funding rates fell from ~25% to under 5%
- —Altcoin open interest is down only ~5% from the October peak
- —Most leveraged positions remain open
- —Glassnode says rising funding again would signal renewed leverage crowding
Why it matters: Cooler funding with intact open interest suggests less crowded longs, but the risk of fresh leverage buildup remains.
Source: PANews