07-10-25

BTC 4-hour chart update (121161)

Fear and Greed: 70 (Greed), yesterday 71 (Greed)

BTC Dominance: 58.87% Dominance has increased decreased from yesterday

Price action: Price is down 2.6% from the close of yesterday.

Premium Index: PI has increased since yesterday and currently at - 0.0394 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0083 %.

Open Interest: OI is at $78.63 B which has decreased from yesterday

Volume: Vol. is at $36.02 B which has increased from yesterday

To conclude: The market’s appetite for speculative activity has increased as witnessed by the increase in premium index. The trader sentiment is cautious, evident from the decreasing funding rate. Open interest has decreased and seeing this in concurrence with other indicators, points to the fact that short term traders took profit. The trading volume has increased but it is evident from the price action that it was sell side biased activity at the derivatives market.