03-10-25

BTC 4-hour chart update (122672)

Fear and Greed: 63 (Greed), yesterday 64 (Greed)

BTC Dominance: 59% Dominance has increased from yesterday

Price action: Price is facing resistance from the 123k level.

Premium Index: PI has decreased since yesterday and currently at - 0.068 %.

Funding Rates: FR has decreased since yesterday and currently at 0.008 %.

Open Interest: OI is at $72.58 B which has decreased from
yesterday

Volume: Vol. is at $28.6 B which has decreased from yesterday

To conclude: The premium index has decreased signaling a
growing influence of spot market on price. The funding rate has decreased and this in concurrent with the decrease in open interest shows traders are taking profit on their longs, this also means that some traders are opening shorts at 123k level. The interest is waning as witnessed by decreasing trading volume. Traders in profit should think about taking some profit of the table and exercise conservative risk management.