07-01-25

BTC 4-hour chart update (96791)

Fear and Greed: 78 (Greed), yesterday 76 (Greed)

BTC Dominance: 57.72% Dominance has increased from yesterday

Price action: Price is down about 5.2% today on the back of JOLTS data which shows a strong labor market.

Premium Index: PI has decreased since yesterday and currently at -0.066 %.

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

Open Interest: OI is at $46.628 B which has decreased from yesterday

Volume: Vol. is at $37.18 B which has decreased from yesterday

To conclude: Rising funding rates signal growing bullish sentiment, further increasing the risk of a long squeeze. Declining premium index and dwindling market liquidity, as evidenced by reduced open interest and trading volume, suggest the current price drop maybe harbinger for more pain in the short term. Proceed with caution, as the current market current momentum has become bearish on the back of the JOLTS report, which came in hotter than expected. This could mean the Fed. Reserve may not reduce interest rate further before the labor market cools off.