Funding Rates for Altcoins Drop Below 5%, Open Interest Only Decreases by About 5%

As of October 20, the proportion of altcoin funding rates above neutral levels has dropped from nearly 25% in late September to below 5%, approaching a two-year low. Calculated at fixed prices, the open interest for altcoins has only decreased by about 5% from its peak in October, with most leveraged positions still open. Analysts point out that if funding rates rise again, it will signal a reaccumulation of leveraged positions.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.