#NovCryptoOutlook

29-11-24

BTC 4-hour chart outlook: Optimistic

Fear and Greed: 78 (Ex, Greed), yesterday 77 (Ex. Greed)

BTC Dominance: 58.20% Dominance has decreased from yesterday

Price action: Price is up about 1.5% today.

Premium Index: PI has increased since yesterday and currently at 0.0772 %.

Funding Rates: FR has increased since yesterday and currently at 0.0229 %.

Open Interest: OI is at $56.329 B which has decreased from yesterday

Volume: Vol. is at $33.931 B which has decreased from yesterday

To conclude: Traders are optimistic signaled by rising funding rates. An increase in premium index signals rising speculation. Market liquidity has decreased as both open interest and trading volume have decreased which means lower market pressure on price and waning trader interest.