Morning market check, 3 Nov.
$BTC trades near 76,763 USDT, down 1.67% over 24h. $ETH is near 2,250 USDT, down 0.75%. The Fear & Greed index reads 37. $BTC open interest is up 0.4%, 68% of accounts are long, and funding on both coins is +0.0100% per 8h.
News: per Cointelegraph, net outflows at a major exchange reached $5.8B as withdrawals resumed after a $6.3B hack. Investigators also flagged a suspected $106M theft and a possible $786K drain tied to a Solana bot. FATF is reviewing money-laundering controls at crypto hubs.
Calendar: US Congressional Elections today. Friday brings US Non-Farm Employment Change (forecast 65K, previous 29K), Unemployment Rate (forecast 4.2%, previous 4.2%), Average Hourly Earnings m/m (forecast 0.3%, previous 0.1%) and a BOJ Governor Ueda speech.
Cost tip: at +0.0100% per 8h, holding 10,000 USDT for 24h costs about 3.00 USDT in funding. Check the rate before you open a position, keep leverage low enough that a move against you does not force liquidation, and never share API keys.
— BasisBack Research · not financial advice
$BTC trades near 76,763 USDT, down 1.67% over 24h. $ETH is near 2,250 USDT, down 0.75%. The Fear & Greed index reads 37. $BTC open interest is up 0.4%, 68% of accounts are long, and funding on both coins is +0.0100% per 8h.
News: per Cointelegraph, net outflows at a major exchange reached $5.8B as withdrawals resumed after a $6.3B hack. Investigators also flagged a suspected $106M theft and a possible $786K drain tied to a Solana bot. FATF is reviewing money-laundering controls at crypto hubs.
Calendar: US Congressional Elections today. Friday brings US Non-Farm Employment Change (forecast 65K, previous 29K), Unemployment Rate (forecast 4.2%, previous 4.2%), Average Hourly Earnings m/m (forecast 0.3%, previous 0.1%) and a BOJ Governor Ueda speech.
Cost tip: at +0.0100% per 8h, holding 10,000 USDT for 24h costs about 3.00 USDT in funding. Check the rate before you open a position, keep leverage low enough that a move against you does not force liquidation, and never share API keys.
— BasisBack Research · not financial advice
