As Bitcoin (BTC) enters the third quarter—historically one of its weakest periods—top altcoins like XRP, TRX, and DOGE are showing bullish momentum through positive perpetual futures funding rates. This suggests strong leveraged demand from traders betting on continued upside for these altcoins.
XRP Leads Majors With Highest Bullish Funding Rate
According to the latest derivatives market data, XRP perpetual contracts show an annualized funding rate near 11%, the highest among top 10 cryptocurrencies. This indicates that long-position holders are paying a premium, a sign of bullish market sentiment.
XRP’s 11% funding rate outpaces TRX (10%) and DOGE (8.4%), signaling the strongest demand for leveraged long exposure.
This aligns with increased optimism around XRP despite regulatory delays in the ongoing Ripple–SEC case. Traders appear to be betting on continued recovery and upside momentum.
TRX and DOGE Also Attract Bullish Bets
Tron’s TRX and Dogecoin (DOGE) are also showing elevated positive funding rates, reflecting growing investor interest beyond just XRP. Both assets have seen solid speculative activity, and their double-digit funding levels underscore a broader shift toward altcoin risk-on positioning.
Perpetual futures premiums indicate bullish bets are not limited to XRP alone.
Bitcoin Starts Q3 Flat, Seasonally Weak Pattern Returns
Bitcoin’s price remains flat around $107,000, continuing its sideways movement between $100,000 and $110,000 for nearly 50 days. Historically, Q3 has averaged only 5.57% gains for BTC since 2013, making it the weakest quarter compared to Q4’s average 85% return.
Long-term holders are reportedly selling into strength, offsetting inflows from U.S.-listed Bitcoin spot ETFs.
Market Eyes Powell’s Speech, Jobs Data for Direction
With Bitcoin’s price action muted, analysts anticipate a potential breakout as markets await Fed Chair Jerome Powell’s speech on Tuesday and the U.S. nonfarm payrolls data on Friday. These macro events may provide the catalyst for volatility across both Bitcoin and major altcoins.
Conclusion
As Bitcoin enters a historically slow quarter, altcoins like XRP, TRX, and DOGE are capturing market attention with strong bullish funding signals. With macro catalysts ahead, traders are positioning for movement—and funding rates suggest they’re betting on altcoin strength.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.