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🌞 Weekend tape • stocks closed
Bitcoin is up 0.1% since the close brief, at 75,840. The day turns on CPI (October) at 01:30 PM UTC. The desk closed nothing between these briefs.
Alts, daily close: the basket is -6.1% on the week, 23% of 199 coins above their 20-day average, 6 pumping (AKE, UAI, FLY, ICNT). 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
- The regime read changed since the close brief.
- BTC +0.1% since the close brief
- ETH +0.3% since the close brief
- SOL −0.2% since the close brief
- PAXG +0.1% since the close brief
- BTC funding is now lower than 98% of the last 90 days, down from 69%
- ETH funding is now higher than 63% of the last 90 days, down from 88%
- SOL funding is now lower than 89% of the last 90 days, down from 37%
- BTC dealer gamma turned positive
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 | +0.0006% | $7.32B | +2.1% | 3.04 | ||
| ETH | +0.0072% | $5.31B | +0.3% | 3.60 | ||
| SOL | +0.0011% | $844.4M | +0.9% | 3.62 |
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$71.8K longs · $12.5K shortsLast 24 hours$16.9M longs · $6.9M shortsOur own recording of the Bybit, Binance and OKX liquidation streams.
Biggest print: ETH long $777.0K at 2,218 · 04:12 PM UTC
Options positioning
- Max pain76,000+0.2% from spot
- Gamma flip75,652−0.2% from spot
- Put wall74,000−2.4% from spot
- Call wall80,000+5.5% from spot
- Max pain2,260+0.8% from spot
- Gamma flip2,214−1.2% from spot
- Put wall2,200−1.9% from spot
- Call wall2,300+2.6% 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
- BTCPDH76,301+0.6% away
- BTCPDL74,790−1.4% away
- BTCPWH81,882+8.0% away
- BTCPWL76,156+0.4% away
- ETHPDH2,251+0.4% away
- ETHPDL2,201−1.8% away
- ETHPWH2,390+6.6% away
- ETHPWL2,170−3.2% 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.
Today's events
From the ForexFactory calendar; times in your time zone.
Earnings
| Company | When | EPS forecast | EPS actual | Surprise |
|---|---|---|---|---|
| AMD | – | 1.68 | 1.84 | +9.5% |
Dates and estimates from Nasdaq.
Headlines
- CNBC MarketsA disturbing employment trend is hiding beneath the latest strong job numbers
- CNBC MarketsU.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%
- CNBC MarketsThe October jobs report is out Friday. Here's everything to expect
- CNBC MarketsHere's what the Democratic election rout could mean for the U.S. economy
- CNBC MarketsBank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
- CNBC MarketsVoters say the economy drove them to the polls — and blame Trump for their troubles
Titles and links only; each opens at its source.