26-11-25
BTC 4-hour chart update (89968)
Fear and Greed: 15 (Ex. Fear), yesterday 20 (Ex. Fear)
BTC Dominance: 58.79% Dominance has increased from yesterday
Price action: Price is up 3% from the close of yesterday and trading above the ema ribbon.
Premium Index: PI has increased since yesterday and currently at - 0.0362 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0008 %.
Open Interest: OI is at $67.17 B which has increased from
yesterday
Volume: Vol. is at $17.26 B which has decreased from yesterday
To conclude: The premium index has increased signaling growing influence of derivatives market on price. The funding rate has decreased pointing to cautious sentiment among traders. The increase in open interest increases derivatives market pressure on price and may lead to volatility. The trader interest is waning evident from the decrease in trading volume. Therefore, this move up may be led by derivatives market trading rather than spot market moving the price up.
