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

Funding breadth at this level is a positioning signal more than a price one: it shows leverage is broadly crowded on the long side, not concentrated in a few names. That matters because it makes the complex more sensitive to a single adverse move, with the unwind risk sitting in the altcoin perp market rather than in majors. Whether this breadth persists or mean-reverts is the open question; funding rates themselves are the cleanest read on whether the optimism is being added to or quietly paid down.