The fee rate for counterfeit currency funds has cooled down, and the open positions have fallen by about 5% from their peak

According to the Glassnode weekly report, as of October 21st (UTC+8), the proportion of altcoins with funding rates above the neutral level has dropped from nearly 25% in late September to less than 5%, approaching a two-year low. Calculated at a fixed price, the open positions of altcoins have only decreased by about 5% compared to the peak in October, and most leveraged positions remain open. Glassnode pointed out that if the funding rate rises again, it is a signal of the re accumulation of leverage congestion.