$BTC is trading near 80,637 USDT, down 0.30% over 24 hours. $ETH is at 2,346 USDT, down 1.19%. The Crypto Fear & Greed index reads 51. BTC open interest is up 4.5% in 24 hours, and 66% of accounts are long.
In the news: Initia halted its blockchain after an exploit that reportedly drained over $2.6M. A US senator is probing Tether over a reported deal with a former Trump crypto adviser. Hong Kong's biggest bank is putting a stablecoin into 3 million wallets.
Macro calendar: no scheduled events are listed in today's data.
Practical cost tip: funding is a running cost that is easy to overlook. With $BTC funding at +0.0066% per 8 hours, holding a 10,000 USDT position for 24 hours costs about 1.99 USDT. When funding is positive, longs pay shorts. Higher leverage means the same funding applies to a larger position, and your liquidation price moves closer. Check the funding rate before holding overnight, and size positions so a sudden move does not force a close.
Wallet safety: after an exploit like today's, review token approvals and revoke any you no longer use.
— BasisBack Research · not financial advice
In the news: Initia halted its blockchain after an exploit that reportedly drained over $2.6M. A US senator is probing Tether over a reported deal with a former Trump crypto adviser. Hong Kong's biggest bank is putting a stablecoin into 3 million wallets.
Macro calendar: no scheduled events are listed in today's data.
Practical cost tip: funding is a running cost that is easy to overlook. With $BTC funding at +0.0066% per 8 hours, holding a 10,000 USDT position for 24 hours costs about 1.99 USDT. When funding is positive, longs pay shorts. Higher leverage means the same funding applies to a larger position, and your liquidation price moves closer. Check the funding rate before holding overnight, and size positions so a sudden move does not force a close.
Wallet safety: after an exploit like today's, review token approvals and revoke any you no longer use.
— BasisBack Research · not financial advice
