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Bitcoin is down 0.6% since the close brief, at 77,310, and Solana is up 1.4%. Nothing high-impact is on the calendar. The desk closed 2 since the last brief for +3.22R.
Alts, daily close: the basket is -8.0% on the week, 18% of 199 coins above their 20-day average, 1 pumping (PARTI). The sample's base rate is a median -1.7% week for the basket, up about a third of the time.
Since the last brief
Majors
Prices and sparklines from Kraken; the sparkline is the last seven days on 4h. Range position: 0% at the 20-day low, 100% at the high.
Positioning
| Coin | Funding | Funding vs history | Open interest | OI 24h | OI vs history | Long/short |
|---|---|---|---|---|---|---|
| BTC | +0.0097% | $7.40B | −4.7% | 2.46 | ||
| ETH | −0.0030% | $5.23B | −6.4% | 2.84 | ||
| SOL | +0.0100% | $809.5M | −11.7% | 2.88 |
Funding in % per 8h from Binance (Bybit when Binance has none); open interest and long/short from Binance and Bybit. Each bar places today's number among the coin's own last 90 days: a full bar is higher than every day of them. The top and bottom tenth are marked.
Liquidations
Last hour$1.5M longs · $15.8K shortsLast 24 hours$179.2M longs · $43.4M shortsOur own recording of the Bybit, Binance and OKX liquidation streams.
Biggest print: ETH short $2.7M at 2,237 · 03:49 AM UTC
Options positioning
- Gamma flip78,073+1.0% from spot
- Call wall80,000+3.5% from spot
- Max pain80,000+3.5% from spot
- Put wall74,000−4.3% from spot
- Gamma flip2,236+0.3% from spot
- Max pain2,280+2.2% from spot
- Call wall2,300+3.1% from spot
- Put wall2,000−10.3% from spot
From Deribit's options book. Positive gamma: dealers tend to damp moves. Negative: they tend to add to them. The flip is where that changes.
Levels the bot tracks
- BTCPDH81,882+5.9% away
- BTCPDL77,688+0.5% away
- BTCPWH84,840+9.7% away
- BTCPWL79,121+2.3% away
- ETHPDH2,377+6.6% away
- ETHPDL2,230+0.0% away
- ETHPWH2,525+13.2% away
- ETHPWL2,280+2.2% away
Levels computed by the bot from price (prior highs and lows, opens, pattern necklines), not picks by the desk. Set alerts on these levels in the Terminal.
Macro and rates
Indices, the dollar, gold and Treasury yields from Yahoo Finance.
Earnings
| Company | When | EPS forecast | EPS actual | Surprise |
|---|---|---|---|---|
| AMZN | – | 1.96 | 1.89 | −3.5% |
| MSTR | – | 21.50 | 44.75 | +108.1% |
| COIN | – | -0.16 | 0.28 | +275.0% |
| GOOGL | – | 2.94 | 2.12 | −27.9% |
| MSFT | – | 4.71 | 4.89 | +3.8% |
| HOOD | – | 0.55 | 0.51 | −8.1% |
Dates and estimates from Nasdaq.
The desk
Closed since the last brief
R is the result in units of the risk taken. Every call is on the public record, losses included.
Headlines
- CNBC MarketsEuro zone economy slows to 0.4% growth in Q3 as crisis-hit France contracts
- CNBC MarketsEuropean Central Bank keeps key interest rate on hold at 2.5%
- CNBC MarketsThird-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates
- CNBC MarketsThe politics of President Lagarde's European Central Bank early exit — and who could replace her
- CNBC MarketsAnalysis: Kevin Warsh is keeping Wall Street guessing. It may be his most powerful tool
- CNBC MarketsHere are five key takeaways from the Fed rate decision and Warsh news conference
Titles and links only; each opens at its source.