Fear and Greed: 50 (Neutral), yesterday 69 (Greed)
BTC Dominance: 58.09% Dominance has increased from yesterday
Price action: Price bounced of the 92k demand zone and is up about 2.3% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at -0.0498 %.
Funding Rates: FR has increased since yesterday and currently at 0.0119 %.
Open Interest: OI is at $44.35 B which has decreased from yesterday
Volume: Vol. is at $41.22 B which has decreased from yesterday
To conclude: The market presents a mixed picture. Increasing funding rates point towards a bullish bias as aggressive long positions are being opened. A minor increase in premium index hints at increasing speculative activity, which should be monitored. However, this optimism is tempered by a notable decline in market liquidity, evidenced by lower open interest and trading volume. This suggests a potential for increased volatility without any bias in either direction.
Fear and Greed: 50 (Neutral), yesterday 69 (Greed)
BTC Dominance: 58.09% Dominance has increased from yesterday
Price action: Price bounced of the 92k demand zone and is up about 2.3% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at -0.0498 %.
Funding Rates: FR has increased since yesterday and currently at 0.0119 %.
Open Interest: OI is at $44.35 B which has decreased from yesterday
Volume: Vol. is at $41.22 B which has decreased from yesterday
To conclude: The market presents a mixed picture. Increasing funding rates point towards a bullish bias as aggressive long positions are being opened. A minor increase in premium index hints at increasing speculative activity, which should be monitored. However, this optimism is tempered by a notable decline in market liquidity, evidenced by lower open interest and trading volume. This suggests a potential for increased volatility without any bias in either direction.
Fear and Greed: 50 (Neutral), yesterday 69 (Greed)
BTC Dominance: 58.09% Dominance has increased from yesterday
Price action: Price bounced of the 92k demand zone and is up about 2.3% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at -0.0498 %.
Funding Rates: FR has increased since yesterday and currently at 0.0119 %.
Open Interest: OI is at $44.35 B which has decreased from yesterday
Volume: Vol. is at $41.22 B which has decreased from yesterday
To conclude: The market presents a mixed picture. Increasing funding rates point towards a bullish bias as aggressive long positions are being opened. A minor increase in premium index hints at increasing speculative activity, which should be monitored. However, this optimism is tempered by a notable decline in market liquidity, evidenced by lower open interest and trading volume. This suggests a potential for increased volatility without any bias in either direction.
BTC Dominance: 57.87% Dominance has decreased from yesterday
Price action: Price is down 2.3% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.058 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0065 %.
Open Interest: OI is at $46.21 B which has decreased from yesterday
Volume: Vol. is at $42.34 B which has increased from yesterday
To conclude: Bitcoin witnessed a minor price dip and narrowing of the high-low range in the past 24 hours. While decreasing funding rates suggest increased short positions and potential bearish sentiment among traders. A declining premium index points to waning speculative interest. This shift towards spot-driven price action could indicate a healthier market. However, reduced open interest signal decreased market pressure. Trading volume has increased slightly which highlights healthy market participation.
BTC Dominance: 57.87% Dominance has decreased from yesterday
Price action: Price is down 2.3% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.058 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0065 %.
Open Interest: OI is at $46.21 B which has decreased from yesterday
Volume: Vol. is at $42.34 B which has increased from yesterday
To conclude: Bitcoin witnessed a minor price dip and narrowing of the high-low range in the past 24 hours. While decreasing funding rates suggest increased short positions and potential bearish sentiment among traders. A declining premium index points to waning speculative interest. This shift towards spot-driven price action could indicate a healthier market. However, reduced open interest signal decreased market pressure. Trading volume has increased slightly which highlights healthy market participation.
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.
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.
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.
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.
Fear and Greed: 76 (Ex. Greed), yesterday 72 (Greed)
BTC Dominance: 57.51% Dominance has increased from yesterday
Price action: Price is up about 3.6% from yesterday.
Premium Index: PI has increased since yesterday and currently at -0.0401 %.
Funding Rates: FR has increased since yesterday and currently at 0.0142 %.
Open Interest: OI is at $48.97 B which has increased from yesterday
Volume: Vol. is at $34.77 B which has increased from yesterday
To conclude: The market is displaying bullish signals. Positive funding rates suggested a bullish bias as more traders are opening longs. The increase in premium index points to increase toward speculative-driven price. However, premium index is still primarily negative, which is bullish. This, coupled with rising open interest and trading volume, signals at optimistic market sentiment and potentially strengthening buying pressure.
Fear and Greed: 76 (Ex. Greed), yesterday 72 (Greed)
BTC Dominance: 57.51% Dominance has increased from yesterday
Price action: Price is up about 3.6% from yesterday.
Premium Index: PI has increased since yesterday and currently at -0.0401 %.
Funding Rates: FR has increased since yesterday and currently at 0.0142 %.
Open Interest: OI is at $48.97 B which has increased from yesterday
Volume: Vol. is at $34.77 B which has increased from yesterday
To conclude: The market is displaying bullish signals. Positive funding rates suggested a bullish bias as more traders are opening longs. The increase in premium index points to increase toward speculative-driven price. However, premium index is still primarily negative, which is bullish. This, coupled with rising open interest and trading volume, signals at optimistic market sentiment and potentially strengthening buying pressure.
BTC Dominance: 56.99% Dominance has increased from yesterday
Price action: Bitcoin traded within a narrow range over the past 24 hours, exhibiting signs of consolidation.
Premium Index: PI has decreased since yesterday and currently at -0.0537 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0124 %.
Open Interest: OI is at $47.24 B which has increased from yesterday
Volume: Vol. is at $21.46 B which has decreased from yesterday
To conclude: While price saw minimal decline, decline in funding rate suggest a growing concentration of short positions, potentially increasing the risk of a long squeeze. Conversely, negative premium indices point to underlying spot market strength, hinting at a possible bullish bias. However, declining trading volume indicates reduced market activity, making price direction uncertain. The open interest has decreased which might increase the likelihood of volatile price movement.
BTC Dominance: 56.99% Dominance has increased from yesterday
Price action: Bitcoin traded within a narrow range over the past 24 hours, exhibiting signs of consolidation.
Premium Index: PI has decreased since yesterday and currently at -0.0537 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0124 %.
Open Interest: OI is at $47.24 B which has increased from yesterday
Volume: Vol. is at $21.46 B which has decreased from yesterday
To conclude: While price saw minimal decline, decline in funding rate suggest a growing concentration of short positions, potentially increasing the risk of a long squeeze. Conversely, negative premium indices point to underlying spot market strength, hinting at a possible bullish bias. However, declining trading volume indicates reduced market activity, making price direction uncertain. The open interest has decreased which might increase the likelihood of volatile price movement.
BTC Dominance: 56.93% Dominance has decreased from yesterday
Price action: In the last 24 hours, the Bitcoin price has seen a minor price decrease. Support at 96k and resistance at 100k.
Premium Index: PI has increased since yesterday and currently at -0.0155 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0137 %.
Open Interest: OI is at $46.761 B which has decreased from yesterday
Volume: Vol. is at $23.982 B which has decreased from yesterday
To conclude: Both open interest and trading volume have experienced contraction. The decrease in volume indicates a degree of apprehension among traders. The increase in the premium index suggests that speculative activity may be dominating, potentially leading the market to a more volatile environment. However, a decrease in open interest suggests that the market is less prone to erratic price movements. Falling funding rates indicate an influx of short positions, which could exert upward pressure if not balanced by sufficient selling positions.
BTC Dominance: 56.93% Dominance has decreased from yesterday
Price action: In the last 24 hours, the Bitcoin price has seen a minor price decrease. Support at 96k and resistance at 100k.
Premium Index: PI has increased since yesterday and currently at -0.0155 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0137 %.
Open Interest: OI is at $46.761 B which has decreased from yesterday
Volume: Vol. is at $23.982 B which has decreased from yesterday
To conclude: Both open interest and trading volume have experienced contraction. The decrease in volume indicates a degree of apprehension among traders. The increase in the premium index suggests that speculative activity may be dominating, potentially leading the market to a more volatile environment. However, a decrease in open interest suggests that the market is less prone to erratic price movements. Falling funding rates indicate an influx of short positions, which could exert upward pressure if not balanced by sufficient selling positions.
BTC Dominance: 57.02% Dominance has decreased from yesterday
Price action: price is up about 1.35% from yesterday. Support at 96k and resistance at 100k.
Premium Index: PI has decreased since yesterday and currently at -0.0271 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0147 %.
Open Interest: OI is at $49.07 B which has decreased from yesterday
Volume: Vol. is at $28.56 B which has decreased from yesterday
To conclude: Bitcoin price increased slightly over the past 24 hours. Open interest and trading volume decreased, suggesting reduced liquidity and participation. Funding rate decreased, potentially signaling a short-term bearish bias due to short positions being opened which gives opportunity for market makers to hunt for liquidations. The declining premium index suggests strengthening spot market demand relative to speculative derivatives. Overall, the combination of neutral price action, decreased liquidity, and shifting market dynamics warrants cautiousness in the near term.
BTC Dominance: 57.02% Dominance has decreased from yesterday
Price action: price is up about 1.35% from yesterday. Support at 96k and resistance at 100k.
Premium Index: PI has decreased since yesterday and currently at -0.0271 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0147 %.
Open Interest: OI is at $49.07 B which has decreased from yesterday
Volume: Vol. is at $28.56 B which has decreased from yesterday
To conclude: Bitcoin price increased slightly over the past 24 hours. Open interest and trading volume decreased, suggesting reduced liquidity and participation. Funding rate decreased, potentially signaling a short-term bearish bias due to short positions being opened which gives opportunity for market makers to hunt for liquidations. The declining premium index suggests strengthening spot market demand relative to speculative derivatives. Overall, the combination of neutral price action, decreased liquidity, and shifting market dynamics warrants cautiousness in the near term.
BTC Dominance: 57.67% Dominance has decreased from yesterday
Price action: Price is up 2.8% from yesterday. Price has regained its ema ribbon and 200 ema.
Premium Index: PI has decreased since yesterday and currently at 0.0176 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0169 %.
Open Interest: OI is at $51.321 B which has decreased from yesterday
Volume: Vol. is at $30.72 B which has increased from yesterday
To conclude: The combination of decreased funding rates and a decreasing premium index signals a growing fundamental demand. This heightened demand for BTC is further compounded by increasing open interest and trading volume, suggesting strong demand. An increase of liquidity could increase price volatility and increase the potential for sharp reversals. Traders should closely monitor persistent decline in trading volume.
BTC Dominance: 57.67% Dominance has decreased from yesterday
Price action: Price is up 2.8% from yesterday. Price has regained its ema ribbon and 200 ema.
Premium Index: PI has decreased since yesterday and currently at 0.0176 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0169 %.
Open Interest: OI is at $51.321 B which has decreased from yesterday
Volume: Vol. is at $30.72 B which has increased from yesterday
To conclude: The combination of decreased funding rates and a decreasing premium index signals a growing fundamental demand. This heightened demand for BTC is further compounded by increasing open interest and trading volume, suggesting strong demand. An increase of liquidity could increase price volatility and increase the potential for sharp reversals. Traders should closely monitor persistent decline in trading volume.
BTC Dominance: 57.71% Dominance has decreased from yesterday
Price action: Price is up slightly from the close of yesterday. Price currently facing resistance from the ema ribbon and is yet to approach the 200 ema at around 95.8k.
Premium Index: PI has increased since yesterday and currently at 0.018 %.
Funding Rates: FR has increased since yesterday and currently at 0.0194 %.
Open Interest: OI is at $51.213 B which has increased from yesterday
Volume: Vol. is at $26.354 B which has decreased from yesterday
To conclude: The market appears to be transitioning from a fundamental to a more speculative -driven regime. Increasing funding costs and premium index signal a shift towards speculation and in particular Longs. Lower trading volume may reflect a period of indecision before a significant price move, in either direction. Increased premium index signals increased pressure on price which will bring volatility