17-05-25

BTC 4-hour chart outlook: Neutral

Fear and Greed: 74 (Greed), yesterday 71 (Greed)

BTC Dominance: 63.70% Dominance has increased from yesterday

Price action: Price going through sideway chop and slightly down from the close of yesterday.

Premium Index: PI has decreased since yesterday and currently at -0.0408 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0037 %.

Open Interest: OI is at $49.9 B which has decreased from yesterday

Volume: Vol. is at $15.4 B which has decreased from yesterday

To conclude: Market sentiment is currently neutral, evidenced by lower funding rates and premium index, which could precede bullish activity as long positions are potentially unwound. Open interest has reduced which reduces volatility but also means traders are taking profit on their long positions. A decrease in trading volume suggests reduced liquidity over the weekend.