01-01-25

BTC 4-hour chart update (94028)

Fear and Greed: 66 (Greed), yesterday 64 (Greed)

BTC Dominance: 57.71% Dominance has decreased from yesterday

Price action: Price is up slightly from the close of yesterday. Price currently facing resistance from the ema ribbon and is yet to approach the 200 ema at around 95.8k.

Premium Index: PI has increased since yesterday and currently at 0.018 %.

Funding Rates: FR has increased since yesterday and currently at 0.0194 %.

Open Interest: OI is at $51.213 B which has increased from yesterday

Volume: Vol. is at $26.354 B which has decreased from yesterday

To conclude: The market appears to be transitioning from a fundamental to a more speculative -driven regime. Increasing funding costs and premium index signal a shift towards speculation and in particular Longs. Lower trading volume may reflect a period of indecision before a significant price move, in either direction. Increased premium index signals increased pressure on price which will bring volatility.