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29-12-24

BTC 4-hour chart outlook: Neutral Leaning Bearish

Fear and Greed: 73 (Greed), yesterday 72 (Greed)

BTC Dominance: 57.86% Dominance has increased from yesterday

Price action: Price down about 2% from yesterday. However, if price bounces from 93k level, price may breach 100k again.

Premium Index: PI has decreased since yesterday and currently at -0.0379 %.

Funding Rates: FR has increased since yesterday and currently at 0.0142 %.

Open Interest: OI is at $50.984 B which has decreased from yesterday

Volume: Vol. is at $20.791 B which has decreased from yesterday

To conclude: a slight increase in funding rates, potentially signaling bearish sentiment. This suggests that short positions may be opening, providing liquidity for a potential price increase. Concurrently, a decrease in the premium index hints at a reduction in speculation-driven price volatility. Furthermore, a decline in both open interest and trading volume indicates a cooling market. This reduced pressure from open contracts and lower trading activity may suggest a period of market consolidation.