22-12-24

BTC 4-hour chart update (93758)

Fear and Greed: 65 (Greed), yesterday 73 (Greed)

BTC Dominance: 57.93% Dominance has increased from yesterday

Price action: Price bounced after momentarily dipping below 92k demand zone. The next resistance is around 95k.

Premium Index: PI has increased since yesterday and currently at -0.032 %.

Funding Rates: FR has increased since yesterday and currently at 0.0154 %.

Open Interest: OI is at $52.126 B which has increased from yesterday

Volume: Vol. is at $31.085 B which has increased from yesterday

To conclude: While rising funding rates hint at growing bullish sentiment and potential for a short squeeze, the concurrent increase in the premium index suggests a shift towards speculative influence, potentially undermining the bullish narrative. Market liquidity has increased as both: open interest trading volume have increased indicating renewed interest or potential new market entries. This contradictory data necessitates a cautious approach as bullish signals may be overshadowed by speculative activity.