08-01-25

BTC 4-hour chart update (94137)

Fear and Greed: 70 (Greed), yesterday 78 (Ex. Greed)

BTC Dominance: 57.99% Dominance has increased from yesterday

Price action: Price is down another 2.8% from yesterday’s close. If the head and shoulders pattern on daily chart plays out, we could see a 77k BTC.

Premium Index: PI has increased since yesterday and currently at -0.048 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0133 %.

Open Interest: OI is at $46.25 B which has decreased from yesterday

Volume: Vol. is at $41.67 B which has increased from yesterday

To conclude: The funding rate decreased which typically suggest a bearish sentiment as it incentivizes traders to enter short positions. However, Market makers like to hunt this liquidity which increases the probability of short squeeze.  A concurrent increase in the Premium Index indicates increased speculation, potentially a bearish signal. Furthermore, declining Open Interest point towards decreased market pressure on price reducing volatility. Trading volume has increased which signals greater trader interest and market activity which could create an environment for potential upward price movement if the prevailing bearish sentiment shifts.