12-12-24

BTC 4-hour chart update (99412)

Fear and Greed: 83 (Ex. Greed), yesterday 74 (Greed)

BTC Dominance: 56.37% Dominance has decreased from yesterday

Price action: Although in last couple of hours the price is down almost 3%. Price is still above its ema ribbon on the 4-hour chart

Premium Index: PI has increased since yesterday and currently at 0.0061 %.

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

Open Interest: OI is at $63.67 B which has increased from yesterday

Volume: Vol. is at $36.292 B which has decreased from yesterday

To conclude: increased open interest and reduced trading volume over the past 24 hours point to potential slowing upward momentum. While fluctuations in the premium index suggest mixed market condition with speculation edging spot slightly. Falling funding rates indicate a prevailing bearish bias as more traders are taking shorts or closing long positions. However, a sustained decline in funding rates could signal a shift in sentiment and potential increased downward pressure on prices.