According to glassnode, despite Bitcoin ($BTC) trading above $108,000 and 100% of its supply currently in profit, funding rates remain below neutral at just 0.0079%. This indicates that traders are not aggressively taking leverage long positions, signaling a surprisingly low speculative appetite across major cryptocurrencies. Among the top 10 coins, only XRP ($XRP) and Dogecoin ($DOGE) show funding rates slightly above neutral, suggesting limited bullish leverage activity. This muted funding environment could reduce the risk of forced liquidations, maintaining current price stability but also signaling caution for momentum traders seeking rapid breakouts. (Source: glassnode via Twitter, May 23, 2025)