23-09-25

BTC 4-hour chart update (111944)

Fear and Greed: 43 (Fear), yesterday 45 (Fear)

BTC Dominance: 58.39% Dominance has increased decreased from yesterday

Price action: Price was rejected from 8 ema and currently trading within the 112k demand zone.

Premium Index: PI has increased since yesterday and currently at - 0.0404 %.

Funding Rates: FR has increased since yesterday and currently at 0.0084 %.

Open Interest: OI is at $75.28 B which has increased from
yesterday

Volume: Vol. is at $18.93 B which has decreased from yesterday

To conclude: Market is showing increased sign of incoming volatility. The premium index has increased, pointing to increased influence of derivatives market on price. The funding rates has increased which shows traders are preferring to open longs. Open interest has increased and this increases the probability of volatility. The trading volume has decreased and it is clear from the price action that it was sell side biased.