A total of 78.1% of 963 crypto coins traded in the green over the past 24 hours. The price uptrend reached most assets with a median daily change of +1.77%, proving that the upward momentum is not merely concentrated in a handful of major coins.
Today’s figures reflect a healthy market precisely because euphoria has not yet arrived - and that is the easiest detail to overlook when simply seeing green across the screen.
Sentiment Cools as Prices Rise
Technical data across 88 major assets shows 51 coins in a bullish trend and only 10 lingering in bearish territory. Despite the clear dominance of the uptrend, the Fear & Greed Index actually slipped to 63, falling below its seven-day average of 70.2. A declining greed index while the majority of assets rally indicates that buyers are entering without emotional overreach.
Buyer Leverage Remains Low
The absence of euphoria is most clearly evident in derivatives data. Bitcoin funding rates sit in the 16.9th percentile over the past week, hovering below the daily average of 0.0059%. Buy orders continue to accumulate without being backed by excessive leverage. In crypto market rallies fueled by mass euphoria, fierce buying competition typically drives funding rates above the 80th percentile. Minimal borrowing costs confirm that current prices are underpinned by genuine cash inflows on spot exchanges.
Anomalies Among Altcoins
Amid the prevailing green across charts, Polkadot (DOT) emerged as an anomaly. The asset recorded a negative funding rate of -0.8%, landing in the bottom fifth percentile. Sub-zero borrowing costs show that a specific pocket of market participants is still willing to pay a premium to maintain short positions against the broader trend.
For traders stacking short positions under the assumption that the market will soon run out of steam, today’s low leverage could be a trap. A rally that advances without stoking euphoria often possesses the strongest foundation, as there is no mountain of excessive debt waiting to trigger a cascade of liquidations.
This analysis was compiled from public market data (CoinGecko, Binance, Alternative.me) and Kabar Bitcoin reporting published today. Not financial advice - always do your own research (DYOR).
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
