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8/24/2026 9:59:00 AM
Glassnode: Altcoin Funding Rates Hit Highest Since BTC ATH
Glassnode data shows 85% of alts with funding rates above mean, highest since BTC all-time highs as alt season optimism builds.
Analysis
Glassnode reports the altcoin market has entered a state of optimism as 85% of alts reached funding rates above their mean, the highest print since BTC traded at all-time highs, conditions that can persist for weeks in alt season. BTC currently trades at $78000 inside its Bollinger band with upper resistance at $78411.87 while the EMA50 at $72335.77 and EMA200 at $66956.51 act as layered support beneath a bullish structure; the MACD death cross at 1804.25 signals fading momentum even as RSI at 69.6 stays neutral, suggesting price may test the 50-EMA support before any continuation higher amid broader altcoin funding rate strength.
alt seasonaltcoin funding<a href="https://xpertsstudio.com/bitcoin-btcusd-is-up-1-21-on-aug-24-why-it-happened/” title=”Bitcoin (BTCUSD) Is up 1.21% on Aug 24: Why It Happened”>Bitcoin all timecrypto optimism
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Source: blockchain.news
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