31-12-24

BTC 4-hour chart update (93490)

Fear and Greed: 64 (Greed), yesterday 65 (Greed)

BTC Dominance: 58.01% Dominance has increased from yesterday

Price action: Bitcoin price rebounded slightly in the past 24 hours, but was rejected from the 200 ema.

Premium Index: PI has increased since yesterday and currently at 0.0021 %.

Funding Rates: FR has increased since yesterday and currently at 0.0192 %.

Open Interest: OI is at $50.193 B which has decreased from yesterday

Volume: Vol. is at $36.52 B which has increased from yesterday

To conclude: The market exhibits bullish sentiment witnesses by rising funding rates. However, caution is advised as influence on price has shifted from spot driven to more speculative led. Open interest declined which reduced pressure on price, but increased trading volume indicates heightened market activity. Overall, the outlook remains cautiously optimistic amidst speculative risks.