BTC Dominance: 59% Dominance has increased from yesterday
Price action: Price is down 3.54% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at - 0.047 %.
Funding Rates: FR has increased since yesterday and currently at 0.0083 %.
Open Interest: OI is at $75.7 B which has decreased from yesterday
Volume: Vol. is at $24.25 B which has decreased from yesterday
To conclude: The premium index has increased slightly, showing a growing speculative fervor. The funding rate has also increased, signaling an improved trader sentiment. The open interest has decreased while the trading volume has increased. Price is still trying to find support. Overall we are still up 2% for the month of September. BTC dominance has certainly reversed and is going back up.
BTC Dominance: 58.60% Dominance has increased from yesterday
Price action: Price is up 1.49% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at - 0.0498 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0056 %.
Open Interest: OI is at $76.6 B which has increased from yesterday
Volume: Vol. is at $21.77 B which has increased from yesterday
To conclude: The trader sentiment has cooled off a bit as witnessed by decreasing funding rates and this means traders are opening shorts. Market liquidity has increased as both open interest and trading volume have gone up. Furthermore, the decreasing premium index points to the fact that buying is going on at the spot market rather than derivatives market. This means traders are hedging their buys at spot with sell on the derivatives market.
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.
BTC Dominance: 58.66% Dominance has increased from yesterday
Price action: Price is down 2.14% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at - 0.056 %.
Funding Rates: FR has increased since yesterday and currently at 0.0041 %.
Open Interest: OI is at $74.96 B which has decreased from yesterday
Volume: Vol. is at $30.40 B which has increased from yesterday
To conclude: After the dump, the sentiment has improved with funding rate rising. The premium index has decreased which shows trading activity at spot market influencing price. The open interest has decreased and this means there were liquidations on the derivatives market and reduces volatility. The trading volume has increased but since it was sell side biased, this indicator was bearish,
Fear and Greed: 49 (Neutral), yesterday 48 (Neutral)
BTC Dominance: 57.90% Dominance has decreased from yesterday
Price action: Price traded in tight range and taking support from ema ribbon.
Premium Index: PI has decreased since yesterday and currently at - 0.0514 %.
Funding Rates: FR has decreased since yesterday and currently at -0.0008 %.
Open Interest: OI is at $76.28 B which has decreased from yesterday
Volume: Vol. is at $4.56 B which has decreased from yesterday
To conclude: Even though the market is depicting cautious signals, the price is holding up well. The premium index has decreased which shows fundamental demand for BTC. The funding rate is negative and this signals traders are preferring to open shorts. Market liquidity has also decreased as witnessed by the decreasing open interest and trading volume. It is early to say but volume is coming in right now late Sunday evening. If this influx of liquidity continues we should see another leg up for BTC.
Fear and Greed: 48 (Neutral), yesterday 53 (Neutral)
BTC Dominance: 57.91% Dominance has decreased from yesterday
Price action: Price tool support from the ema ribbon and currently consolidating.
Premium Index: PI has decreased since yesterday and currently at - 0.0482 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0015 %.
Open Interest: OI is at $77.14 B which has increased from yesterday
Volume: Vol. is at $10.13 B which has decreased from yesterday
To conclude: The trader sentiment is bearish as witnessed by decreasing funding rate. The premium index has decreased signaling s shift toward spot market influencing price. The open interest has increased which highlights increased probability of volatility. The trading volume has decreased and it’s not a surprise since it’s the weekend. Keep an eye on volume. An increase can fuel another rally up to New ATH.
Fear and Greed: 52 (Neutral), yesterday 53 (Neutral)
BTC Dominance: 57.76% Dominance has decreased from yesterday
Price action: Price is up 1.17% from the close of yesterday. Next resistance at 118k.
Premium Index: PI has decreased since yesterday and currently at - 0.0516 %.
Funding Rates: FR has increased since yesterday and currently at 0.0091 %.
Open Interest: OI is at $79.48 B which has increased from yesterday
Volume: Vol. is at $32.7 B which has increased from yesterday
To conclude: The funding rate has increased signaling an improved trader sentiment as they are opening longs. Market liquidity has increased as both open interest and trading volume have increased. The market is giving optimistic signals and after the FOMC, when price was volatile, we have seen a 2.6% increase in price.
Fear and Greed: 53 (Neutral), yesterday 52 (Neutral)
BTC Dominance: 58.13% Dominance has decreased from yesterday
Price action: Price is down 1.63% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at - 0.054 %.
Funding Rates: FR has increased since yesterday and currently at 0.0068 %.
Open Interest: OI is at $76.35 B which has increased from yesterday
Volume: Vol. is at $20.91 B which has increased from yesterday
To conclude: The market is give positive signals. The premium index has decreased and this leads to the assertion that price is being influenced more by the spot market activity. The funding rate has increased, signaling optimistic sentiment among traders. Market liquidity has increased as both open interest and trading volume has increased. The Fed reduced interest rate by 0.25% on basis of weakening of labor market and adverse effect caused by tariffs.
Fear and Greed: 52 (Neutral), yesterday 53 (Neutral)
BTC Dominance: 58.27% Dominance has increased from yesterday
Price action: Price is facing resistance from the local high at 116k level.
Premium Index: PI has decreased since yesterday and currently at - 0.044 %.
Funding Rates: FR has remained the same since yesterday and currently at 0.0062 %.
Open Interest: OI is at $76.0 B which has increased from yesterday
Volume: Vol. is at $16.57 B which has decreased from yesterday
To conclude: The premium index has decreased which is fundamentally good for the price. The open interest has increased while the trading volume has gone down. Seeing these indicators collectively. with the trading volume decreasing and price going up, this seems like a speculative driven price increase.
Fear and Greed: 55 (Greed), yesterday 52 (Neutral)
BTC Dominance: 57.75% Dominance has increased from yesterday
Price action: Price dipped a little today and taking support from the ema ribbon.
Premium Index: PI has decreased since yesterday and currently at - 0.0475 %.
Funding Rates: FR has increased since yesterday and currently at 0.0089 %.
Open Interest: OI is at $74.47 B which has decreased from yesterday
Volume: Vol. is at $9.75 B which has decreased from yesterday
To conclude: The market is showing optimistic signals. The premium index has decreased which shows a fundamental demand for the asset at the spot market. The increase in funding rate signals positive sentiment among traders as majority are opening longs. The market liquidity has decreased as both open interest and trading volume have gone down from previous day. This also can be positive as there could be less volatility and the trading volume being low could be chalked up to weekend volume.
Fear and Greed: 52 (Neutral), yesterday 57 (Greed)
BTC Dominance: 57.55% Dominance has decreased from yesterday
Price action: Price taking support from 8 ema. If the price and BTC dominance hold this level for 1 week then we can see another leg up.
Premium Index: PI has decreased since yesterday and currently at - 0.0466 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0067 %.
Open Interest: OI is at $75.6 B which has increased from yesterday
Volume: Vol. is at $14.46 B which has decreased from yesterday
To conclude: The premium index has increased and this mean the derivatives market influence has increased slightly. The funding rate as decreased and this highlights cautious sentiment among traders. The open interest has increased which increases the probability of volatility. The trading volume has decreased and this signals subdued weekend interest.
Fear and Greed: 54 (Neutral), yesterday 49 (Neutral)
BTC Dominance: 58.22% Dominance has decreased from yesterday
Price action: Price consolidating at 114k level. Support at 112k and resistance at 116k.
Premium Index: PI has decreased since yesterday and currently at - 0.056 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0054 %.
Open Interest: OI is at $75.9 B which has increased from yesterday
Volume: Vol. is at $22.86 B which has decreased from yesterday
To conclude: The market is showing cautious sentiment. Both premium index and funding rate have reduced. This signals a cautious sentiment among traders who are closing their longs and staying away from trading on the derivatives market. The open interest has increased while the trading volume has decreased. This increases the likelihood of volatility for the short term and traders should exercise tight risk management.
Fear and Greed: 49 (Neutral), yesterday 48 (Neutral)
BTC Dominance: 58.30% Dominance has increased from yesterday
Price action: Price is up 1.92% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at - 0.0489 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0092 %.
Open Interest: OI is at $75.72 B which has increased from yesterday
Volume: Vol. is at $28.04 B which has increased from yesterday
To conclude: The premium index has deceased showing fundamental demand for the asset at the spot market. The decrease in funding rates signals profit taking as traders are closing their longs. Liquidity has increased with both open interest and trading volume both showing good moves up. If the price continues to climb, next strong resistance zone is at 116k.
BTC Dominance: 58.34% Dominance has decreased from yesterday
Price action: Price is up 1.25% from close of yesterday and facing resistance from 200 ema.
Premium Index: PI has decreased since yesterday and currently at - 0.0546 %.
Funding Rates: FR has increased since yesterday and currently at 0.0095 %.
Open Interest: OI is at $71.78 B which has increased from yesterday
Volume: Vol. is at $17.16 B which has increased from yesterday
To conclude: The market is giving optimistic signals. The premium index has decreased and with price going up, it shows fundamental demand for BTC. The increase in funding rate signals increase in long positions. Market liquidity has also increased as witnessed by rising open interest and trading volume. This proves that traders are comfortable in leaving their funds in open contract and there is increased engagement at the spot market.
Fear and Greed: 48 (Neutral), yesterday 48 (Neutral)
BTC Dominance: 58.61% Dominance has decreased from yesterday
Price action: Price is down from the close of yesterday and lost its ema ribbon.
Premium Index: PI has increased since yesterday and currently at - 0.0407 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0067 %.
Open Interest: OI is at $68.78 B which has decreased from yesterday
Volume: Vol. is at $12.14 B which has decreased from yesterday
To conclude: Market is depicting a bearish picture. The trader sentiment is cautious as they are opening shorts. The premium index has increased, signaling growing speculative influence on price. The open interest has decreased which further highlights traders are willing to sit on the sideline. The trading volume has decreased, which is the only silver lining otherwise the dip would have been much worse.