30-11-24

BTC 4-hour chart update (97036)

Fear and Greed: 84 (Ex, Greed), yesterday 78 (Ex. Greed)

BTC Dominance: 61.18% Dominance has increased decreased from yesterday

Price action: Price came down slightly in to ema ribbon and currently bouncing back up. Being a weekend there is not much activity.

Premium Index: PI has decreased since yesterday and currently at 0.0535 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0155 %.

Open Interest: OI is at $55.95 B which has decreased from yesterday

Volume: Vol. is at $33.521 B which has decreased from yesterday

To conclude: Mixed signals. Price and volume down, indicating weekend lull. However, decreasing open interest, funding rate and premium index suggest potential consolidation and reduced speculative trading. There could be a short-squeeze risk due to low funding rates.