13-12-24

BTC 4-hour chart update (101650)

Fear and Greed: 76 (Ex. Greed), yesterday 83 (Ex, Greed)

BTC Dominance: 56.66% Dominance has increased from yesterday

Price action: Price bounced of the ema ribbon and is up about 2% today.

Premium Index: PI has increased since yesterday and currently at 0.0185 %.

Funding Rates: FR has decreased since yesterday and currently at 0.014 %.

Open Interest: OI is at $61.678 B which has decreased from yesterday

Volume: Vol. is at $34.365 B which has decreased from yesterday

To conclude: Falling funding rates suggest a potential bullish bias as an influx of short positions could exert upward pressure on prices. Conversely, an increasing premium index indicates heightened speculation and decreased spot market influence, a generally a bearish signal. similarly, decreasing open interest and trading volume point towards diminished market activity and potentially less volatile price movements. To accurately assess market direction, closely monitor fluctuations in funding rates and open interest for further cues.