BTC 4-hour chart (CP 61,844)
Fear and Greed: 40 (fear), yesterday 46 (fear)
BTC Dominance: 54.37 Dominance slightly down from
yesterdayPrice action: Price took support from 67.4k which top of the demand zone and is trying to break through the ema ribbon. If price is unable to break through here it will create a double top scenario.
Premium Index: PI has increased since yesterday and currently at 0.034%. This mean speculative influence on price has increased since yesterday.
Funding Rates: FR has increased since yesterday and currently at 0.013%. This means more traders are opening longs than shorts. This is same on
#binanace where the FR is 0.01%.
Open Interest and Volumes: OI is at $27.719 B and Vol. is at $17.93 B.
To conclude: Bullish signs emerge, but caution lingers. Funding rates and the premium index suggest more traders are going long, potentially leading to a speculative surge. However, the decline in trading volume despite rising open interest hints at a possible pause in the upward momentum. While sentiment seems positive, mixed liquidity signals warrant near-term caution.
DISCLAIMER: The information presented is for educational purposes only. It's important to consider your unique financial goals and risk tolerance before making investment decisions