20-11-25

BTC 4-hour chart update (86529)

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

BTC Dominance: 58.94% Dominance has decreased from yesterday

Price action: Price is down 5.45% from the close of yesterday.

Premium Index: PI has decreased since yesterday and currently at - 0.0329 %.

Funding Rates: FR has increased since yesterday and currently at 0.0084 %.

Open Interest: OI is at $63.06 B which has increased from yesterday

Volume: Vol. is at $27.02 B which has decreased from yesterday

To conclude: The spot market influence over price has increased signaled by the decrease in premium index. The trader sentiment has improved and are preferring to open longs evident from the increase in funding rates. The open interest has increased which increases pressure on price and may lead to volatility. The trading volume has decreased which shows waning interest for the underlying asset. The mixed signals show uncertainty in the market and price has not found its bottom clear from the loss of 87k support.