Using their rule, this board looks mostly neutral to bearish, with only a few bullish pockets.
Quick read
$BTC Mixed
A few exchanges are above 0.005%
Not strongly bullish
More neutral / slightly crowded-long
$ETH Mostly neutral
Several readings sit between 0.001% and 0.01%
Not a strong green signal
$SOL /
#XRP Lean neutral to bearish
A lot of prints are near 0.01%
XRP has one clear red spike around 0.0128%, which is bearish by this channel’s framework
DOGE / ADA / SUI / AVAX / LINK
These look more overheated
Many readings are sitting right at 0.01%
That usually means the market is getting crowded on the long side
AVAX stands out with a stronger red print around 0.0308%
Clear bullish pockets
These are the rows showing more sub-0.005% or negative prints:
BCH
XAUT
ZEC
TAO
TRX
parts of LTC
Those names look less crowded and more bullish by this funding-only model.
Best takeaway
This is not a broad green board.
It looks more like:
majors = neutral
many alts = slightly overheated
a few selective names = bullish
Short market summary
Funding suggests the market is no longer deeply bearish, but many altcoins are getting crowded on the long side. Selective bullish setups remain, while names like XRP, DOGE, SUI, and especially AVAX show more bearish funding pressure.
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