Market snapshot, 11 Nov: $BTC trades near 73,677 USDT (-2.07% in 24h) and $ETH near 2,050 USDT (-3.87%). The Crypto Fear & Greed index reads 32.
In the news: media reports say Bitcoin is near an 11-week low after the US CPI release, and Fed rate-hike bets reached 96% after a Waller speech. Separately, CertiK says exchanges need hard dollar caps on hot wallets, and an exchange hit by a $49M hack plans to resume cash withdrawals.
Macro calendar: US CPI took place this week. US PPI is due Nov 13 (forecast 0.4%, previous 1.3%; core forecast 0.3%, previous 0.7%).
Derivatives: $BTC funding is +0.0100% per 8h, and 71% of accounts are long. Holding 10,000 USDT for 24h at this rate costs about 3.00 USDT. $ETH funding is +0.0011% per 8h.
Practical tip: before holding a leveraged position overnight, add up funding plus entry and exit fees, and check how far your liquidation price sits from the market. Keep only the funds you need on any exchange.
— BasisBack Research · not financial advice
In the news: media reports say Bitcoin is near an 11-week low after the US CPI release, and Fed rate-hike bets reached 96% after a Waller speech. Separately, CertiK says exchanges need hard dollar caps on hot wallets, and an exchange hit by a $49M hack plans to resume cash withdrawals.
Macro calendar: US CPI took place this week. US PPI is due Nov 13 (forecast 0.4%, previous 1.3%; core forecast 0.3%, previous 0.7%).
Derivatives: $BTC funding is +0.0100% per 8h, and 71% of accounts are long. Holding 10,000 USDT for 24h at this rate costs about 3.00 USDT. $ETH funding is +0.0011% per 8h.
Practical tip: before holding a leveraged position overnight, add up funding plus entry and exit fees, and check how far your liquidation price sits from the market. Keep only the funds you need on any exchange.
— BasisBack Research · not financial advice
