02-12-25
BTC 4-hour chart update (91998)
Fear and Greed: 23 (Ex. Fear), yesterday 24 (Ex. Fear)
BTC Dominance: 59.63% Dominance has increased from yesterday
Price action: Price is up 6.43% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at - 0.0275 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0024 %.
Open Interest: OI is at $61.78 B which has increased from
yesterday
Volume: Vol. is at $22.64 B which has decreased from yesterday
To conclude: The speculative activity’s influence over price
has increased as evidenced by the increase in premium index. The funding rate has decreased signaling traders are opening shorts. The open interest has increased, increasing market pressure on price. The trading volume has decreased slightly but that most probably is due to the cautious overall market sentiment. Trader’s must remain vigilant of a new BTC narrative that Micro Strategy (Michael Saylor) is trading below its (market-to-net-asset-value) which may lead to automatic selloff of Micro strategy stocks to cover liabilities, in particular dividends to shareholders.
