26-09-25

BTC 4-hour chart update (110236)

Fear and Greed: 28 (Fear), yesterday 44 (Fear)

BTC Dominance: 58.56% Dominance has decreased from yesterday

Price action: Price is up 1.18% from the close of yesterday. Support at 107k level.

Premium Index: PI has increased since yesterday and currently at - 0.0465 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0067 %.

Open Interest: OI is at $59.80 B which has decreased from
yesterday

Volume: Vol. is at $29.5 B which has increased from yesterday

To conclude: It seems like the bears have run out of steam as witnessed by the drop in open interest. This tells us that the traders have closed their short positions or are taking profits. This creates a fresh opportunity for price reversal. Of course this does not mean that price cannot go down further. There is a high probability that BTC price and dominance will start heading back up. The is also the possibility that price may wick down to 107k level, create a double bottom ( the first bottom created on 1st September) and then head back up.