01-05-25

BTC 4-hour chart outlook: Optimistic

Fear and Greed: 53 (Neutral), yesterday 56 (Greed)

BTC Dominance: 64.71% Dominance has increased from yesterday

Price action: Price is up about 2.9% from the close of yesterday.

Premium Index: PI has increased since yesterday and currently at -0.053 %.

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

Open Interest: OI is at $45.3 B which has increased from yesterday

Volume: Vol. is at $28.3 B which has increased from yesterday

To conclude: Declining funding rates suggests long positions are closing, which could pave the way for upward price movements. An increasing premium index indicates increased speculative fervor and that view is backed by increase in open interest. Increase in trading volume suggests healthy demand for BTC.