Bullishbyblood
Degen crypto analyst here! Analyzing Bitcoin & next-gen projects. Buckle up for wild analysis & moonshot potential!
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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.
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.
16-05-25
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 71 (Greed), yesterday 70 (Greed)
BTC Dominance: 63.19 % Dominance has increased from yesterday
Price action: Price has increased slightly since the close of yesterday. It has been trading sideways for the past couple of days.
Premium Index: PI has increased since yesterday and currently at -0.0354 %.
Funding Rates: FR has increased since yesterday and currently at 0.0053 %.
Open Interest: OI is at $51 B which has increased from yesterday
Volume: Vol. is at $25.6 B which has increased from yesterday
To conclude: Both funding rates and premium index have increased and this point to a more optimistic market outlook, creating an opportunity for upward price action. While open interest has declined which suggests traders closed their positions and wait for the price to show directional bias. Although this reduces volatility but it also means uncertainty remain among traders. The trading volume has increased which highlights increased buyer demand which may fuel a sustained rally.
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 71 (Greed), yesterday 70 (Greed)
BTC Dominance: 63.19 % Dominance has increased from yesterday
Price action: Price has increased slightly since the close of yesterday. It has been trading sideways for the past couple of days.
Premium Index: PI has increased since yesterday and currently at -0.0354 %.
Funding Rates: FR has increased since yesterday and currently at 0.0053 %.
Open Interest: OI is at $51 B which has increased from yesterday
Volume: Vol. is at $25.6 B which has increased from yesterday
To conclude: Both funding rates and premium index have increased and this point to a more optimistic market outlook, creating an opportunity for upward price action. While open interest has declined which suggests traders closed their positions and wait for the price to show directional bias. Although this reduces volatility but it also means uncertainty remain among traders. The trading volume has increased which highlights increased buyer demand which may fuel a sustained rally.
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.
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.
14-05-25
BTC 4-hour chart update (103225)
Fear and Greed: 73 (Greed), yesterday 70 (Greed)
BTC Dominance: 62.53% Dominance has decreased from yesterday
Price action: Price is down 0.77% down from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at -0.0438 %.
Funding Rates: FR has increased since yesterday and currently at 0.064 %.
Open Interest: OI is at $52.14 B which has decreased from yesterday
Volume: Vol. is at $24.14 B which has decreased from yesterday
To conclude: The simultaneous increase in funding rates and the premium index reveals a cautiously optimistic traders’ sentiment. However, the decrease in open interest and trading volume suggests growing chance of price swings.
BTC 4-hour chart update (103225)
Fear and Greed: 73 (Greed), yesterday 70 (Greed)
BTC Dominance: 62.53% Dominance has decreased from yesterday
Price action: Price is down 0.77% down from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at -0.0438 %.
Funding Rates: FR has increased since yesterday and currently at 0.064 %.
Open Interest: OI is at $52.14 B which has decreased from yesterday
Volume: Vol. is at $24.14 B which has decreased from yesterday
To conclude: The simultaneous increase in funding rates and the premium index reveals a cautiously optimistic traders’ sentiment. However, the decrease in open interest and trading volume suggests growing chance of price swings.
13-05-25
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 70 (Greed), yesterday 70 (Greed)
BTC Dominance: 62.54% Dominance has decreased from yesterday
Price action: Price bounced of the 50 ema and currently up 1.53% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.062 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0063 %.
Open Interest: OI is at $52.25 B which has increased from yesterday
Volume: Vol. is at $30.6 B which has decreased from yesterday
To conclude: While the price has seen an uptick in past 24-hour the bearish bearish threat is still present. The concurrent drop in funding rates and premium index points towards a potential bullish undertone as traders unwind long positions. This contrasts with the expanding open interest, which injects more liquidity into the market and elevates the risk of heightened volatility in the near term.
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 70 (Greed), yesterday 70 (Greed)
BTC Dominance: 62.54% Dominance has decreased from yesterday
Price action: Price bounced of the 50 ema and currently up 1.53% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.062 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0063 %.
Open Interest: OI is at $52.25 B which has increased from yesterday
Volume: Vol. is at $30.6 B which has decreased from yesterday
To conclude: While the price has seen an uptick in past 24-hour the bearish bearish threat is still present. The concurrent drop in funding rates and premium index points towards a potential bullish undertone as traders unwind long positions. This contrasts with the expanding open interest, which injects more liquidity into the market and elevates the risk of heightened volatility in the near term.
12-05-25
BTC 4-hour chart outlook: Cautious
Fear and Greed: 70 (Greed), yesterday 70 (Greed)
BTC Dominance: 62.74% Dominance has decreased from yesterday
Price action: Price has seen a 2.2% correction from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.0486%.
Funding Rates: FR has decreased since yesterday and currently at 0.0074 %.
Open Interest: OI is at $50.5 B which has increased from yesterday
Volume: Vol. is at $33.04 B which has increased from yesterday
To conclude: Declining funding and premium rates suggest a potential accumulation phase as long positions are being closed. However, rising open interest and trading volume point to lingering caution and the likelihood of continued volatility.
BTC 4-hour chart outlook: Cautious
Fear and Greed: 70 (Greed), yesterday 70 (Greed)
BTC Dominance: 62.74% Dominance has decreased from yesterday
Price action: Price has seen a 2.2% correction from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.0486%.
Funding Rates: FR has decreased since yesterday and currently at 0.0074 %.
Open Interest: OI is at $50.5 B which has increased from yesterday
Volume: Vol. is at $33.04 B which has increased from yesterday
To conclude: Declining funding and premium rates suggest a potential accumulation phase as long positions are being closed. However, rising open interest and trading volume point to lingering caution and the likelihood of continued volatility.
11-05-25
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 70 (Greed), yesterday 70 (Greed)
BTC Dominance: 63.25% Dominance has increased from yesterday
Price action: Price is slightly down from the close of yesterday. There appears to be a bearish divergence forming on the RSI. If we lose the 100k level, there might be further downside.
Premium Index: PI has decreased since yesterday and currently at -0.0427 %.
Funding Rates: FR has increased since yesterday and currently at 0.0104 %.
Open Interest: OI is at $49.8 B which has increased from yesterday
Volume: Vol. is at $20.9 B which has increased from yesterday
To conclude: Bullish sentiment among long buyers, indicated by increasing funding rates, could exert downside pressure through a long squeeze. The decrease in premium index suggests reduction in speculative buying, which shows strength but the volume is low on weekend. Both open interest and trading volume have increased and this points to strengthening market confidence despite potential for high volatility.
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 70 (Greed), yesterday 70 (Greed)
BTC Dominance: 63.25% Dominance has increased from yesterday
Price action: Price is slightly down from the close of yesterday. There appears to be a bearish divergence forming on the RSI. If we lose the 100k level, there might be further downside.
Premium Index: PI has decreased since yesterday and currently at -0.0427 %.
Funding Rates: FR has increased since yesterday and currently at 0.0104 %.
Open Interest: OI is at $49.8 B which has increased from yesterday
Volume: Vol. is at $20.9 B which has increased from yesterday
To conclude: Bullish sentiment among long buyers, indicated by increasing funding rates, could exert downside pressure through a long squeeze. The decrease in premium index suggests reduction in speculative buying, which shows strength but the volume is low on weekend. Both open interest and trading volume have increased and this points to strengthening market confidence despite potential for high volatility.
10-05-25
BTC 4-hour chart outlook: Neutral
Fear and Greed: 70 (Greed), yesterday 73 (Greed)
BTC Dominance: 63.08% Dominance has decreased from yesterday
Price action: Price traded in a tight range without any bias to either side.
Premium Index: PI has increased since yesterday and currently at -0.0337 %.
Funding Rates: FR has increased since yesterday and currently at 0.0083 %.
Open Interest: OI is at $48.6 B which has increased from yesterday
Volume: Vol. is at $14.4 B which has decreased from yesterday
To conclude: Market sentiment is leaning bullish as witnessed by increasing funding rates and premium index which point to increased buying pressure at the speculative market. The drop in trading volume indicates weekend market, potentially leading to consolidation with unclear directional momentum to either side. However open interest has increased which highlights that traders are still willing to lock liquidity in contracts.
BTC 4-hour chart outlook: Neutral
Fear and Greed: 70 (Greed), yesterday 73 (Greed)
BTC Dominance: 63.08% Dominance has decreased from yesterday
Price action: Price traded in a tight range without any bias to either side.
Premium Index: PI has increased since yesterday and currently at -0.0337 %.
Funding Rates: FR has increased since yesterday and currently at 0.0083 %.
Open Interest: OI is at $48.6 B which has increased from yesterday
Volume: Vol. is at $14.4 B which has decreased from yesterday
To conclude: Market sentiment is leaning bullish as witnessed by increasing funding rates and premium index which point to increased buying pressure at the speculative market. The drop in trading volume indicates weekend market, potentially leading to consolidation with unclear directional momentum to either side. However open interest has increased which highlights that traders are still willing to lock liquidity in contracts.
09-05-25
BTC 4-hour chart outlook: Neutral
Fear and Greed: 73 (Greed), yesterday 65 (Greed)
BTC Dominance: 63.77% Dominance has decreased from yesterday
Price action: Price is consolidating and slightly lower from close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.0509 %.
Funding Rates: FR has decreased since yesterday and currently at 0.079 %.
Open Interest: OI is at $47.9 B which has decreased from yesterday
Volume: Vol. is at $41.4 B which has decreased from yesterday
To conclude: Price is in consolidating formation evident by decreased liquidity and reduced funding rates and premium index. The market is experiencing a cooling off period, pointing towards price stability in the short run.
BTC 4-hour chart outlook: Neutral
Fear and Greed: 73 (Greed), yesterday 65 (Greed)
BTC Dominance: 63.77% Dominance has decreased from yesterday
Price action: Price is consolidating and slightly lower from close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.0509 %.
Funding Rates: FR has decreased since yesterday and currently at 0.079 %.
Open Interest: OI is at $47.9 B which has decreased from yesterday
Volume: Vol. is at $41.4 B which has decreased from yesterday
To conclude: Price is in consolidating formation evident by decreased liquidity and reduced funding rates and premium index. The market is experiencing a cooling off period, pointing towards price stability in the short run.
08-05-25
BTC 4-hour chart outlook: Bullish
Fear and Greed: 65 (Greed), yesterday 67 (Greed)
BTC Dominance: 64.79% Dominance has decreased from yesterday
Price action: Price is up 4.2% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.0447 %.
Funding Rates: FR has increased since yesterday and currently at 0.0083 %.
Open Interest: OI is at $48.08 B which has increased from yesterday
Volume: Vol. is at $42.1 B which has increased from yesterday
To conclude: Increasing funding rates point to growing bullish sentiment as long positions are being opened, potentially setting the stage for market makers to hunt for that liquidity. Similarly, rising trading volume and open interest underscore heightened market activity and the need for caution amid this latest move.
BTC 4-hour chart outlook: Bullish
Fear and Greed: 65 (Greed), yesterday 67 (Greed)
BTC Dominance: 64.79% Dominance has decreased from yesterday
Price action: Price is up 4.2% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at -0.0447 %.
Funding Rates: FR has increased since yesterday and currently at 0.0083 %.
Open Interest: OI is at $48.08 B which has increased from yesterday
Volume: Vol. is at $42.1 B which has increased from yesterday
To conclude: Increasing funding rates point to growing bullish sentiment as long positions are being opened, potentially setting the stage for market makers to hunt for that liquidity. Similarly, rising trading volume and open interest underscore heightened market activity and the need for caution amid this latest move.
07-05-25
BTC 4-hour chart outlook: Cautious
Fear and Greed: 67 (Greed), yesterday 59 (Greed)
BTC Dominance: 65.34% Dominance has increased from yesterday
Price action: Price has seen a 2.4% move in the past 24 hours.
Premium Index: PI has increased since yesterday and currently at -0.0401 %.
Funding Rates: FR has increased since yesterday and currently at 0.0077 %.
Open Interest: OI is at $44.5 B which has increased from yesterday
Volume: Vol. is at $27.4 B which has increased from yesterday
To conclude: The market presents a mixed picture: rising open interest and trading volume indicate strong engagement and volatility. Yet rising funding rates and premium index suggest a increase in speculative fervor in favor of long positions. This divergence highlights a cautious stance among traders anticipating potential volatility.
BTC 4-hour chart outlook: Cautious
Fear and Greed: 67 (Greed), yesterday 59 (Greed)
BTC Dominance: 65.34% Dominance has increased from yesterday
Price action: Price has seen a 2.4% move in the past 24 hours.
Premium Index: PI has increased since yesterday and currently at -0.0401 %.
Funding Rates: FR has increased since yesterday and currently at 0.0077 %.
Open Interest: OI is at $44.5 B which has increased from yesterday
Volume: Vol. is at $27.4 B which has increased from yesterday
To conclude: The market presents a mixed picture: rising open interest and trading volume indicate strong engagement and volatility. Yet rising funding rates and premium index suggest a increase in speculative fervor in favor of long positions. This divergence highlights a cautious stance among traders anticipating potential volatility.
06-05-25
BTC 4-hour chart outlook: Cautious Optimism
Fear and Greed: 59 (Greed), yesterday 52 (Greed)
BTC Dominance: 65.05% Dominance has increased from yesterday
Price action: Price has increased 0.40% from the close of yesterday. Price has also regained its ema ribbon..
Premium Index: PI has decreased since yesterday and currently at -0.0454 %.
Funding Rates: FR has increased since yesterday and currently at 0.0057 %.
Open Interest: OI is at $42.6 B which has increased from yesterday
Volume: Vol. is at $19.09 B which has decreased from yesterday
To conclude: A minor market uptick, evidenced by increased funding rates and a falling premium index, suggests growing bullish sentiment. Increasing open interest and decreasing trading volume point towards a potential volatility before leading to further significant price action.
BTC 4-hour chart outlook: Cautious Optimism
Fear and Greed: 59 (Greed), yesterday 52 (Greed)
BTC Dominance: 65.05% Dominance has increased from yesterday
Price action: Price has increased 0.40% from the close of yesterday. Price has also regained its ema ribbon..
Premium Index: PI has decreased since yesterday and currently at -0.0454 %.
Funding Rates: FR has increased since yesterday and currently at 0.0057 %.
Open Interest: OI is at $42.6 B which has increased from yesterday
Volume: Vol. is at $19.09 B which has decreased from yesterday
To conclude: A minor market uptick, evidenced by increased funding rates and a falling premium index, suggests growing bullish sentiment. Increasing open interest and decreasing trading volume point towards a potential volatility before leading to further significant price action.
05-05-25
BTC 4-hour chart outlook: Cautious
Fear and Greed: 52 (Neutral), yesterday 64 (Greed)
BTC Dominance: 64.76% Dominance has decreased from yesterday
Price action: Price is slightly above from the close of yesterday. Price currently trying to regain its ema ribbon.
Premium Index: PI has decreased since yesterday and currently at -0.044 %.
Funding Rates: FR has increased since yesterday and currently at 0.035 %.
Open Interest: OI is at $42.26 B which has decreased from yesterday
Volume: Vol. is at $21.8 B which has increased from yesterday
To conclude: While increasing funding rates and a lower premium index signal a cautious market, suggesting less speculative pressure. The decrease in open interest and increase in trading volume indicates traders closing their open contracts and significant market activity at spot. This divergence sets the stage for potential volatility in the short term.
BTC 4-hour chart outlook: Cautious
Fear and Greed: 52 (Neutral), yesterday 64 (Greed)
BTC Dominance: 64.76% Dominance has decreased from yesterday
Price action: Price is slightly above from the close of yesterday. Price currently trying to regain its ema ribbon.
Premium Index: PI has decreased since yesterday and currently at -0.044 %.
Funding Rates: FR has increased since yesterday and currently at 0.035 %.
Open Interest: OI is at $42.26 B which has decreased from yesterday
Volume: Vol. is at $21.8 B which has increased from yesterday
To conclude: While increasing funding rates and a lower premium index signal a cautious market, suggesting less speculative pressure. The decrease in open interest and increase in trading volume indicates traders closing their open contracts and significant market activity at spot. This divergence sets the stage for potential volatility in the short term.
04-05-25
BTC 4-hour chart outlook: Cautious
Fear and Greed: 64 (Greed), yesterday 65 (Greed)
BTC Dominance: 64.95% Dominance has increased from yesterday
Price action: Price is down half a present from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at -0.042 %.
Funding Rates: FR has increased since yesterday and currently at 0.0008 %.
Open Interest: OI is at $42.5 B which has decreased from yesterday
Volume: Vol. is at $11.4 B which has decreased from yesterday
To conclude: A cautious market prevails, evidenced by increased funding rates and premium index, signaling a move towards bearish market sentiment. Similarly, reduced trading volume and open interest points to reduced market liquidity which could be nothing to be concerned about due to weekend volume historically being low.
BTC 4-hour chart outlook: Cautious
Fear and Greed: 64 (Greed), yesterday 65 (Greed)
BTC Dominance: 64.95% Dominance has increased from yesterday
Price action: Price is down half a present from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at -0.042 %.
Funding Rates: FR has increased since yesterday and currently at 0.0008 %.
Open Interest: OI is at $42.5 B which has decreased from yesterday
Volume: Vol. is at $11.4 B which has decreased from yesterday
To conclude: A cautious market prevails, evidenced by increased funding rates and premium index, signaling a move towards bearish market sentiment. Similarly, reduced trading volume and open interest points to reduced market liquidity which could be nothing to be concerned about due to weekend volume historically being low.
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.
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.
02-05-25
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 67 (Greed), yesterday 53 (Neutral)
BTC Dominance: 64.92% Dominance has increased from yesterday
Price action: Price is up about 1% from the close of yesterday and currently in a strong resistance zone.
Premium Index: PI has decreased since yesterday and currently at -0.055 %.
Funding Rates: FR has increased since yesterday and currently at 0.0007 %.
Open Interest: OI is at $44 B which has decreased from yesterday
Volume: Vol. is at $23.8 B which has decreased from yesterday
To conclude: An increase in funding rates and dip in premium index signals cautiously optimistic sentiment among traders. However, the market is dynamic and this sentiment may quickly change to risk off. Decrease in trading volume signals reduced liquidity in the market, coupled with reducing open interest, suggests reduction in the likelihood for significant price swing for the short term, until market conviction strengthens.
BTC 4-hour chart outlook: Cautiously Optimistic
Fear and Greed: 67 (Greed), yesterday 53 (Neutral)
BTC Dominance: 64.92% Dominance has increased from yesterday
Price action: Price is up about 1% from the close of yesterday and currently in a strong resistance zone.
Premium Index: PI has decreased since yesterday and currently at -0.055 %.
Funding Rates: FR has increased since yesterday and currently at 0.0007 %.
Open Interest: OI is at $44 B which has decreased from yesterday
Volume: Vol. is at $23.8 B which has decreased from yesterday
To conclude: An increase in funding rates and dip in premium index signals cautiously optimistic sentiment among traders. However, the market is dynamic and this sentiment may quickly change to risk off. Decrease in trading volume signals reduced liquidity in the market, coupled with reducing open interest, suggests reduction in the likelihood for significant price swing for the short term, until market conviction strengthens.
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.
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.
26-04-25
BTC 4-hour chart outlook: Cautious
Fear and Greed: 56 (Greed), yesterday 60 (Greed)
BTC Dominance: 64.58% Dominance has increased from yesterday
Price action: Price dipped to a low of 92.9k before taking support from the 50 ema and recovering to 94k currently.
Premium Index: PI has decreased since yesterday and currently at -0.072 %.
Funding Rates: FR has increased since yesterday and currently at 0.0043 %.
Open Interest: OI is at $42.24 B which has decreased from yesterday
Volume: Vol. is at $26.46 B which has increased from yesterday
To conclude: The increase in funding rates and decrease in the premium index points towards a potential bullish trader sentiment. Simultaneously, the drop in open interest and rise in trading volume suggests diminishing market volatility and increasing momentum. However, due to macro uncertainty traders are advised a more conservative approach.
BTC 4-hour chart outlook: Cautious
Fear and Greed: 56 (Greed), yesterday 60 (Greed)
BTC Dominance: 64.58% Dominance has increased from yesterday
Price action: Price dipped to a low of 92.9k before taking support from the 50 ema and recovering to 94k currently.
Premium Index: PI has decreased since yesterday and currently at -0.072 %.
Funding Rates: FR has increased since yesterday and currently at 0.0043 %.
Open Interest: OI is at $42.24 B which has decreased from yesterday
Volume: Vol. is at $26.46 B which has increased from yesterday
To conclude: The increase in funding rates and decrease in the premium index points towards a potential bullish trader sentiment. Simultaneously, the drop in open interest and rise in trading volume suggests diminishing market volatility and increasing momentum. However, due to macro uncertainty traders are advised a more conservative approach.
29-04-25
BTC 4-hour chart outlook: Cautious Optimism
Fear and Greed: 60 (Greed), yesterday 54 (Neutral)
BTC Dominance: 64.35% Dominance has increased decreased from yesterday
Price action: Price is slightly up from the close of yesterday. Chart looks good and primed for a another move.
Premium Index: PI has increased since yesterday and currently at -0.0485 %.
Funding Rates: FR has increased since yesterday and currently at 0.0037 %.
Open Interest: OI is at $42.34 B which has increased from yesterday
Volume: Vol. is at $19.27 B which has decreased from yesterday
To conclude: While increased funding rates shows cautious optimism among traders and hinting at potential long being opened, the increasing premium index suggests a vulnerability to speculative activity and volatile price action which is supported by the increased open interest. Decrease in trading volume doesn’t supports an optimistic view. Therefore, watch out for increase in trading volume which will fuel upward price movement.
BTC 4-hour chart outlook: Cautious Optimism
Fear and Greed: 60 (Greed), yesterday 54 (Neutral)
BTC Dominance: 64.35% Dominance has increased decreased from yesterday
Price action: Price is slightly up from the close of yesterday. Chart looks good and primed for a another move.
Premium Index: PI has increased since yesterday and currently at -0.0485 %.
Funding Rates: FR has increased since yesterday and currently at 0.0037 %.
Open Interest: OI is at $42.34 B which has increased from yesterday
Volume: Vol. is at $19.27 B which has decreased from yesterday
To conclude: While increased funding rates shows cautious optimism among traders and hinting at potential long being opened, the increasing premium index suggests a vulnerability to speculative activity and volatile price action which is supported by the increased open interest. Decrease in trading volume doesn’t supports an optimistic view. Therefore, watch out for increase in trading volume which will fuel upward price movement.
28-04-25
BTC 4-hour chart outlook: Cautious
Fear and Greed: 54 (Neutral), yesterday 61 (Greed)
BTC Dominance: 64.34% Dominance has increased from yesterday
Price action: Price is holding support from the ema ribbon. Although price saw a high of 95.633 today. It is experiencing a selloff as of right now.
Premium Index: PI has decreased since yesterday and currently at -0.0645 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0025 %.
Open Interest: OI is at $41.4 B which has increased from yesterday
Volume: Vol. is at $26.4 B which has increased from yesterday
To conclude: Decreasing funding rates and premium index suggest market stabilization, creating a more supportive environment for prices. Increased liquidity in the form of increased open interest and trading volume point to heightened activity, potentially fueling upward momentum if conditions remain favorable.
BTC 4-hour chart outlook: Cautious
Fear and Greed: 54 (Neutral), yesterday 61 (Greed)
BTC Dominance: 64.34% Dominance has increased from yesterday
Price action: Price is holding support from the ema ribbon. Although price saw a high of 95.633 today. It is experiencing a selloff as of right now.
Premium Index: PI has decreased since yesterday and currently at -0.0645 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0025 %.
Open Interest: OI is at $41.4 B which has increased from yesterday
Volume: Vol. is at $26.4 B which has increased from yesterday
To conclude: Decreasing funding rates and premium index suggest market stabilization, creating a more supportive environment for prices. Increased liquidity in the form of increased open interest and trading volume point to heightened activity, potentially fueling upward momentum if conditions remain favorable.
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