15-05-25
BTC 4-hour chart outlook: Cautious
Fear and Greed: 70 (Greed), yesterday 73 (Greed)
BTC Dominance: 62.94% Dominance has increased from yesterday
Price action: Price went down to 50 ema and bounced and almost recovered the 1.62% dip earlier today.
Premium Index: PI has increased since yesterday and currently at -0.0346 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0052 %.
Open Interest: OI is at $52.5 B which has increased from yesterday
Volume: Vol. is at $24.6 B which has increased from yesterday
To conclude: Market sentiment leans bearish, evidenced by declining funding rates. Speculative fervor has also increased with increase in premium index, signaling greater chance of volatility. Increased trading volume and open interest suggests heightened interest and the potential for price volatility.