11-11-24

BTC 4-hour chart update (CP 85149)

Fear and Greed: 76 (Ex, Greed), yesterday 78 (Greed)

BTC Dominance: 59.56% Dominance has increased from yesterday

Price action: Price is up another 6.5% from yesterday.

Premium Index: PI has increased since yesterday and currently at 0.0629 %.

Funding Rates: FR has increased since yesterday and currently at 0.0172 %.

Open Interest: OI is at $48.438 B which has increased from yesterday

Volume: Vol. is at $56.792 B which has increased from yesterday

Market Update:

The funding rate has climbed over the past 24 hours, signaling increased long positions and bullish sentiment. However, an increase in the premium index suggests a shift towards speculative activity rather than spot-driven demand. Trading volume and Open interest has surged, indicating heightened market participation and potential volatility. The combination of elevated funding rates, increased open interest and premium index points to a cautiously optimistic short-term outlook.