Report: Altcoin funding rates cool down, but open interest only about 5% below this month's peak
Bollcoin, October 22 – Glassnode's latest weekly report shows that as of October 20, the share of altcoins with funding rates above neutral levels has fallen from nearly 25% in late September to under 5%, near the low end of its two-year range. However, measured at constant prices, altcoin open interest has only declined by about 5% from its October peak, with most leveraged positions still open. Glassnode notes that if funding rates rise again, it would be a signal that leveraged crowding is re-accumulating.