Morning snapshot for Oct 20. $BTC trades at 82,008 USDT, down 0.12% over 24h. Per Cointelegraph, it was rejected at $83K as US bond yields moved higher with equities. $ETH is at 2,408 USDT, up 0.07%. The Fear & Greed index reads 59.
Per Cointelegraph, Bitcoin and Ether ETFs shed $549M in weekly outflows, with October ETH outflows near $1B. Strive bought $335M in Bitcoin and now holds 36,818 BTC. BTC open interest is down 1.0% over 24h, and 63% of accounts are long.
Macro calendar: no scheduled releases are listed in today's data.
Practical cost tip: BTC funding is +0.0090% per 8h. When funding is positive, longs pay shorts. Holding 10,000 USDT for 24h costs about 2.70 USDT, before trading fees. Futures taker fees at major platforms run 0.04% to 0.06% per side, so a round trip on 10,000 USDT can cost 8 to 12 USDT. Check funding before holding overnight, keep leverage modest, and know your liquidation price before you enter.
— BasisBack Research · not financial advice
Per Cointelegraph, Bitcoin and Ether ETFs shed $549M in weekly outflows, with October ETH outflows near $1B. Strive bought $335M in Bitcoin and now holds 36,818 BTC. BTC open interest is down 1.0% over 24h, and 63% of accounts are long.
Macro calendar: no scheduled releases are listed in today's data.
Practical cost tip: BTC funding is +0.0090% per 8h. When funding is positive, longs pay shorts. Holding 10,000 USDT for 24h costs about 2.70 USDT, before trading fees. Futures taker fees at major platforms run 0.04% to 0.06% per side, so a round trip on 10,000 USDT can cost 8 to 12 USDT. Check funding before holding overnight, keep leverage modest, and know your liquidation price before you enter.
— BasisBack Research · not financial advice