Coinglass data as of October 31 shows Bitcoin funding rates stabilizing at neutral levels while traders increasingly short altcoins amid ongoing market weakness.
On October 31, Coinglass reported that Bitcoin funding rates returned to neutral, signaling a stabilization in trader sentiment toward the leading cryptocurrency. In contrast, altcoin markets experienced growing bearish sentiment, with traders increasing short positions following recent price declines. The shift underscores caution among market participants toward non-Bitcoin assets after a period of broader weakness.