24-11-25

BTC 4-hour chart update (88371)

Fear and Greed: 19 (Ex. Fear), yesterday 13 (Ex. Fear)

BTC Dominance: 58.83% Dominance has decreased from yesterday

Price action: Price trading above the 87.5k resistance.

Premium Index: PI has decreased since yesterday and currently at - 0.0484 %.

Funding Rates: FR has increased since yesterday and currently at 0.0029 %.

Open Interest: OI is at $63.10 B which has increased from
yesterday

Volume: Vol. is at $22.80 B which has increased from yesterday

To conclude: The premium index has decreased signaling spot market activity pushing the price up. The funding rate has increased showing growing positive sentiment among traders. However, derivatives market sentiment is prone to flip flop. The open interest has increased which increases open contract pressure on price and may lead to volatility. The trading volume has increased pointing to growing liquidity. Traders must keep note that we have opened a CME gap at 84.3k – 86.8k, closing price on Friday and opening on Monday.