20-12-25

BTC 4-hour chart update (88162)

Fear and Greed: 20 (Ex. Fear), yesterday 16 (Ex Fear)

BTC Dominance: 59.57% Dominance has increased from yesterday

Price action: Price traded in a tight range much like a stable coin.

Premium Index: PI has decreased since yesterday and currently at - 0.0522 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0052 %.

Open Interest: OI is at $60.54 B which has increased from yesterday

Volume: Vol. is at $9.21 B which has decreased from yesterday

To conclude: The premium index has decreased signaling growing spot market influence over price. The trader sentiment is cautious as evident from the decrease in funding rates. The open interest saw an increase which increases market pressure on price and may lead to volatility. The trading volume has decreased but that is on par with weekend volume. Traders’ must remain vigilant that we are still in a downtrend.