The contract #BTC☀ and #资金费率 have recently maintained a positive long position, and on December 5, when it reached a stage high, it was overall close to the level of 10,012, at which time BTC also hit a historical high of $104,630.4.

In terms of altcoins, some altcoins like #HBAR , #xlm , #xrp , ALGO, and ADA experienced significant price increases last week, with a rise of over 250% within 30 days. The funding rate for perpetual futures contracts has risen to between 4% and 6% per month, reflecting an increase in leverage usage. High funding rates may indicate optimistic sentiment towards altcoins and further growth potential, but also increase the risk for traders. For example, the price of ALGO rose over 15% on Friday, hitting a two-year high, with open interest (OI) and total locked value (TVL) reaching historic highs, showing market interest and inflow of funds into ALGO. However, if the weekly closing price falls below a certain key level, it may lead to a price pullback.

Compared to major cryptocurrencies like BTC and ETH, the leverage usage in altcoins is more aggressive, contrasting sharply with their more moderate leverage. For instance, Bitcoin's leverage has reached an annual high, which implies greater volatility for BTC prices. The high leverage usage in altcoins may indicate higher market risk and potential price pullbacks.

The significant rise of altcoins over the past month is the result of various factors, including market sentiment, fund flows, and increased leverage usage. While high funding rates and rising prices may suggest optimistic sentiment towards these assets, they also hint at potential market risks.