03-05-25

BTC 4-hour chart outlook: Cautious

Fear and Greed: 65 (Greed), yesterday 67 (Greed)

BTC Dominance: 64.93% Dominance has increased slightly from yesterday

Price action: Price is down slightly from the close of yesterday. Currently taking support from the ema ribbon.

Premium Index: PI has decreased since yesterday and currently at -0.0588 %.

Funding Rates: FR has decreased since yesterday and currently at -0.0016 %.

Open Interest: OI is at $43.2 B which has decreased from yesterday

Volume: Vol. is at $19.4 B which has decreased from yesterday

To conclude: Bullish sentiment gains traction as funding rates and the premium index decline. However, decreasing open interest suggests potential profit taking by the traders, while reduced trading volume warrants caution regarding the strength of any price advancement.