22-11-25

BTC 4-hour chart update (84583)

Fear and Greed: 11 (Ex. Fear), yesterday 14 (Ex. Fear)

BTC Dominance: 59.08% Dominance has increased from yesterday

Price action: Price traded in a tight range and resistance at 87.5k.

Premium Index: PI has decreased since yesterday and currently at - 0.054 %.

Funding Rates: FR has decreased since yesterday and currently at 0.004 %.

Open Interest: OI is at $59.6 B which has increased from
yesterday

Volume: Vol. is at $36.2 B which has increased from yesterday

To conclude: The spot market influence over price has increased signaled by the decrease in premium index. The trader sentiment is cautious evident by the decrease in funding rates. The open interest has increased which increased market pressure on price which will lead to volatility. The trading volume has decreased but it is still healthy for a weekend volume.