Market snapshot: $BTC is at 75,757 USDT (-0.19% in 24h) and $ETH at 2,234 USDT (-0.17%). Perpetual funding is +0.0100% per 8h for $BTC and +0.0093% for $ETH . $BTC open interest is down 1.0% over 24h, 70% of accounts are long, and the Fear & Greed index reads 25.
In the news: per Cointelegraph, the US Treasury cut a large exchange off from the US financial system over alleged $16B in illicit transactions. A Gnosis Pay breach exposed card details, personal data and wallet information. Russia finalized crypto trading rules ahead of a Nov. 17 rollout.
Macro: US jobs data and a BOJ governor speech took place this week.
Practical tip: funding is a cost that grows with time. At +0.0100% per 8h, holding 10,000 USDT of $BTC for 24h costs about 3.00 USDT, before taker fees of roughly 0.05%–0.06% per trade on major venues. With most accounts long, check the funding rate before holding overnight, keep leverage modest, and never share API keys or seed phrases.
— BasisBack Research · not financial advice
In the news: per Cointelegraph, the US Treasury cut a large exchange off from the US financial system over alleged $16B in illicit transactions. A Gnosis Pay breach exposed card details, personal data and wallet information. Russia finalized crypto trading rules ahead of a Nov. 17 rollout.
Macro: US jobs data and a BOJ governor speech took place this week.
Practical tip: funding is a cost that grows with time. At +0.0100% per 8h, holding 10,000 USDT of $BTC for 24h costs about 3.00 USDT, before taker fees of roughly 0.05%–0.06% per trade on major venues. With most accounts long, check the funding rate before holding overnight, keep leverage modest, and never share API keys or seed phrases.
— BasisBack Research · not financial advice
