Glassnode: Altcoin Funding Rates Hit Highest Since BTC ATH

Glassnode reports the altcoin market has entered a state of optimism as 85% of alts reached funding rates above their mean, the highest print since BTC traded at all-time highs, conditions that can persist for weeks in alt season. BTC currently trades at $78000 inside its Bollinger band with upper resistance at $78411.87 while the EMA50 at $72335.77 and EMA200 at $66956.51 act as layered support beneath a bullish structure; the MACD death cross at 1804.25 signals fading momentum even as RSI at 69.6 stays neutral, suggesting price may test the 50-EMA support before any continuation higher amid broader altcoin funding rate strength.