$BTC trades near 78,065 USDT, up 0.78% over 24 hours. $ETH sits near 2,267 USDT, up 0.55%. $BTC open interest fell 1.1% in 24 hours, and 68% of accounts are long. The Crypto Fear & Greed index reads 34.
In the news: a major exchange says phase one of withdrawals is open after a $6.3B hack, and says 90% of stolen user assets are covered, per CNBC. Cointelegraph reports the FBI blames North Korea. Decrypt reports Bitcoin ETF investors are heading for the exits.
Macro calendar: US Congressional Elections on Nov 3. On Friday, US payrolls (forecast 63K, previous 29K), unemployment (forecast 4.2%, previous 4.2%) and average hourly earnings (forecast 0.3%, previous 0.1%) are due, and BOJ Gov Ueda speaks.
Cost tip: $BTC funding is +0.0099% per 8 hours. Holding 10,000 USDT for 24 hours at this rate costs about 2.96 USDT for the side paying funding. $ETH funding is flat at +0.0000%. Check funding before holding leveraged positions overnight, and size leverage so a sharp move does not force a liquidation.
— BasisBack Research · not financial advice
In the news: a major exchange says phase one of withdrawals is open after a $6.3B hack, and says 90% of stolen user assets are covered, per CNBC. Cointelegraph reports the FBI blames North Korea. Decrypt reports Bitcoin ETF investors are heading for the exits.
Macro calendar: US Congressional Elections on Nov 3. On Friday, US payrolls (forecast 63K, previous 29K), unemployment (forecast 4.2%, previous 4.2%) and average hourly earnings (forecast 0.3%, previous 0.1%) are due, and BOJ Gov Ueda speaks.
Cost tip: $BTC funding is +0.0099% per 8 hours. Holding 10,000 USDT for 24 hours at this rate costs about 2.96 USDT for the side paying funding. $ETH funding is flat at +0.0000%. Check funding before holding leveraged positions overnight, and size leverage so a sharp move does not force a liquidation.
— BasisBack Research · not financial advice
