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← ArchiveDaily BriefingGenerated 06:00 UTC

Tuesday, 10 November 2026 · No. 222

CPI report arrives as S&P futures climb and miner hashrate falls

Lead story · economy — S&P 500 futures rise as traders brace for crucial consumer inflation report: Live updates (CNBC)

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The Lead

Bitcoin faces fresh supply from MARA’s ongoing sales while CPI data arrives this morning with futures already pricing a softer print. Miner hashrate has dropped 8 percent in a week and the next difficulty cut lands in days, yet exchange flows remain only modestly positive and short-term holders sit near break-even. The contradiction sits in the gap between stated policy resolve and actual liquidity tightening that markets have not fully absorbed. Will the inflation release confirm the Fed’s tightening path or reveal that energy relief has already done the work?

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The Fear & Greed index over 90 days: 29, fear.
The Fear & Greed index over 90 days: 29, fear.
Sentiment is at the edge of its own three-month range — the readings that historically precede a turn, not a continuation.

The data will show whether liquidity pressure is easing or simply shifting form.

Monday · The price of money

The 10-year real yield is 2.60%.

Holding cash beats holding nothing again: money has a positive real return, which is the environment every long-duration asset has to argue against. Bitcoin has spent 23% of its life in the opposite regime.

10Y REAL YIELD
2.60%
DAYS NEGATIVE
1,397
SHARE OF HISTORY
23.5%
SINCE
2010-07-18

Data as of 2026-11-05 · Real Yields → · Free with an account

Instruments for this story

Go deeper

  • The Rate Machine

    Vienna School · Background to Real Yields

    Setting rates is herding, not dialling

  • Time Preference

    Vienna School · Background to Real Yields

    Capital, interest, and the structure of production

The Wire

BITCOIN
Bitcoin miner MARA sold 13,597 BTC for $1.1 billion in six weeks, plans to sell more — CoinDesk

BITCOIN
Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough — CoinDesk

ECONOMY
S&P 500 futures rise as traders brace for crucial consumer inflation report: Live updates — CNBC

ECONOMY
The stock-market rally keeps spreading beyond Big Tech. October inflation data could put it to the test. — MarketWatch

CONFLICT
Saudi Arabia downs missiles fired at Riyadh after Houthi attack on pipeline — Al Jazeera

CONFLICT
Russia, Ukraine and US to meet as Zelenskyy claims battlefield successes — Al Jazeera

Sources (16)

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