24-11-24

BTC 4-hour chart update (96423)

Fear and Greed: 80 (Ex, Greed), yesterday 93 (Ex. Greed)

BTC Dominance: 59.23% Dominance has decreased from yesterday

Price action: Over the past two days (weekend) price is down about 3%.

Premium Index: PI has increased since yesterday and currently at 0.1017 %.

Funding Rates: FR has increased since yesterday and currently at 0.0239 %.

Open Interest: OI is at $59.633 B which has decreased from yesterday

Volume: Vol. is at $32.523 B which has increased decreased from yesterday

To conclude: Market conditions are depicting a cautiously optimistic picture. The trader sentiment is positive as witnessed by rising funding rates. However premium index has shot up a lot signaling speculative market driving price which can be bearish, Open interest has reduced which decreases volatility. The trade volume has increased which is bullish since buying is going on in spot.