10-12-24

BTC 4-hour chart update (95761)

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

BTC Dominance: 57.44% Dominance has increased from yesterday

Price action: Price is down another 1.5% today. At one point price tried to reclaim the ema ribbon but was rejected from 98k level.

Premium Index: PI has decreased since yesterday and currently at 0.0273 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0157 %.

Open Interest: OI is at $57.78 B which has decreased from yesterday

Volume: Vol. is at $46.847 B which has increased from yesterday

To conclude: The market mood is slightly bearish but shows signs of stabilization. Funding rates have decreased and the premium index has fluctuated with a slight decrease towards the end of the period. Market liquidity has experienced some constriction with a moderate decrease in open interest suggesting a decline in market confidence. The current data suggests a period of consolidation with a cautious bearish sentiment. Key metrics to monitor for a potential bullish shift include a sustained increase in market liquidity and a change in market mood towards bullish conditions.