19-11-25

BTC 4-hour chart update (88827)

Fear and Greed: 15 (Ex. Fear), yesterday 11 (Ex. Fear)

BTC Dominance: 59.32% Dominance has increased from yesterday

Price action: Price is down 4.3% from the close of yesterday.

Premium Index: PI has increased since yesterday and currently at - 0.0312 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0052 %.

Open Interest: OI is at $61.35 B which has decreased from
yesterday

Volume: Vol. is at $30.38 B which has decreased from yesterday

To conclude: The bearish sentiment among traders has increased apparent by the decreasing funding rates. Speculative fervor in the market has increased as signaled by the increase in premium index. Market liquidity has contracted as both open interest and trading volume have decreased. The decrease in open interest may lead to price stabilization for the short term but it also shows that traders are cautious and uncertain and not willing to lock funds in open contracts Decrease in trading volume is more worrisome because with the price dip it shows there are no buyers at the moment. Sell pressure causes price to dump a lot more than normal market conditions.