[Report: Altcoin funding rates cool down, but open interest has only fallen about 5% from this month's peak] The latest weekly report from Glassnode shows that as of October 20, the proportion of altcoins with funding rates above neutral levels has dropped from nearly 25% in late September to less than 5%, approaching a two-year low. However, calculated at fixed prices, altcoin open interest has only decreased by about 5% from the October peak, with most leveraged positions still remaining open. Glassnode pointed out that if funding rates rise again, it will signal a renewed accumulation of crowded leverage.