$BTC trades near 75,394 USDT, down 0.48% over 24 hours, while $ETH is at 2,152 USDT, down 3.67%. BTC open interest is down 0.3% in 24h, and the Crypto Fear & Greed index reads 28.
Funding: $BTC is +0.0048% per 8h, with 70% of accounts long. $ETH funding is -0.0042% per 8h, so on $ETH shorts pay longs.
Macro calendar: US CPI and Core CPI are due Nov 10 at 8:30 ET (forecast 0.3% and 0.2%; previous 0.6% and 0.3%). US PPI and Core PPI follow on Nov 13 (forecast 0.4% and 0.3%; previous 1.3% and 0.7%). CNBC notes the risk of Iran war escalation remains high.
Practical tip: funding is a running cost. At +0.0048% per 8h, holding a 10,000 USDT $BTC long for 24 hours costs about 1.45 USDT. A taker fee of 0.05% on the same size is 5 USDT per order, so frequent in-and-out trading can cost more than funding. Check your leverage and liquidation price before data releases, and size positions you can comfortably hold.
— BasisBack Research · not financial advice
Funding: $BTC is +0.0048% per 8h, with 70% of accounts long. $ETH funding is -0.0042% per 8h, so on $ETH shorts pay longs.
Macro calendar: US CPI and Core CPI are due Nov 10 at 8:30 ET (forecast 0.3% and 0.2%; previous 0.6% and 0.3%). US PPI and Core PPI follow on Nov 13 (forecast 0.4% and 0.3%; previous 1.3% and 0.7%). CNBC notes the risk of Iran war escalation remains high.
Practical tip: funding is a running cost. At +0.0048% per 8h, holding a 10,000 USDT $BTC long for 24 hours costs about 1.45 USDT. A taker fee of 0.05% on the same size is 5 USDT per order, so frequent in-and-out trading can cost more than funding. Check your leverage and liquidation price before data releases, and size positions you can comfortably hold.
— BasisBack Research · not financial advice
