Altcoins such as #RAY , #ARB , #MANTA , #LDO , #COTI , ING, and others have seen their open interest rise by more than 20% in the last 7 days. Most of these positions are longs, indicating a bullish sentiment for these altcoins.

By evaluating the Funding Rate Map, we observe altcoins such as $FTT , FLR , GNO, ANT, ZENT, and RACA with high levels, indicating significant exposure in long positions. This results in favorable rates for traders willing to take the opposite side, i.e., shorts. Meanwhile, altcoins like $BNB , $AXS , MANA, DGB, CYBER, and BLZ have negative funding rates, showing that traders are interested in short positions in these altcoins. Overall, about 85% of altcoins have a positive funding rate.

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