#Share1BNBDaily

08-12-24

BTC 4-hour chart update (99785)

Fear and Greed: 79 (Ex, Greed), yesterday 75 (Greed)

BTC Dominance: 55.21% Dominance has increased decreased from yesterday

Price action: Price action like stable coin.

Premium Index: PI has increased since yesterday and currently at 0.0751 %.

Funding Rates: FR has decreased since yesterday and currently at 0.019 %.

Open Interest: OI is at $61.13 B which has increased from yesterday

Volume: Vol. is at $24.48 B which has decreased from yesterday

To conclude: A neutral to slightly bearish undercurrent persisted in the market. Funding rates, while fluctuating marginally, concluded the session slightly lower, signaling a cautious investor stance. A decline in trading volume was observed, indicating a reduction in overall market activity and investor participation. Increase in both premium index and open interest signals volatility driven by speculation Given the subdued market dynamics, a cautious approach seems prudent. As liquidity contracts and sentiment leans towards bearishness, investors may opt for a more conservative strategy.