02-01-25

BTC 4-hour chart update (96.671)

Fear and Greed: 70 (Greed), yesterday 66 (Greed)

BTC Dominance: 57.67% Dominance has decreased from yesterday

Price action: Price is up 2.8% from yesterday. Price has regained its ema ribbon and 200 ema.

Premium Index: PI has decreased since yesterday and currently at 0.0176 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0169 %.

Open Interest: OI is at $51.321 B which has decreased from yesterday

Volume: Vol. is at $30.72 B which has increased from yesterday

To conclude: The combination of decreased funding rates and a decreasing premium index signals a growing fundamental demand. This heightened demand for BTC is further compounded by increasing open interest and trading volume, suggesting strong demand. An increase of liquidity could increase price volatility and increase the potential for sharp reversals. Traders should closely monitor persistent decline in trading volume.