23-11-25

BTC 4-hour chart update (87188)

Fear and Greed: 13 (Ex. Fear), yesterday 11 (Ex. Fear)

BTC Dominance: 59.23% Dominance has increased from yesterday

Price action: Price is up 2.6% from the close of yesterday and approaching a resistance zone.

Premium Index: PI has increased since yesterday and currently at - 0.0457 %.

Funding Rates: FR has decreased since yesterday and currently at -0.001 %.

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

Volume: Vol. is at $10.79 B which has decreased from yesterday

To conclude: The speculative activity is influencing price more than spot market evident from the increase in premium index. The trader sentiment is bearish as the funding rate has gone negative. The open interest has increased and this increases market pressure on price leading to volatility. The trading volume has decreased which shows reduced market activity but that is not abnormal for a weekend.