According to Cas Abbé, CoinGlass data indicates that funding rates are slightly positive but not extreme, suggesting that traders are bullish yet not excessively leveraged. This trading environment often supports sustained altcoin rallies, as moderate sentiment reduces the risk of sharp corrections. Market participants may consider these conditions favorable for strategic altcoin positions, based on the current funding rate dynamics reported by CoinGlass.

According to Cas Abbé, traders can enhance their decision-making by leveraging key on-chain monitoring tools. Nansen provides insights into wallet flows, Glassnode tracks exchange net flows, Lookonchain reveals whale activity, and CoinGlass offers open interest and funding data. By confirming market strength through these data points before increasing trade size, traders can better manage risk and identify potential trends in assets such as BTC and ETH (Source: Cas Abbé).

According to Lookonchain, $45.73 million was liquidated on ALPACA, with one trader alone facing a $3.98 million liquidation, as reported by Coinglass on April 30, 2025 (source: Lookonchain via Twitter; Coinglass.com/LiquidationData). This spike in liquidation volume highlights significant volatility and potential forced sell pressure in the ALPACA market. Traders should closely monitor ALPACA price action and liquidity levels, as such major liquidations often precede rapid price swings and increased short-term trading opportunities.

According to Lookonchain, the recent crash of $OM resulted in $66.97 million in liquidations over the past 12 hours, with 10 positions exceeding $1 million each, as reported by Coinglass.