03-12-25

BTC 4-hour chart update (93210)

Fear and Greed: 28 (Fear), yesterday 23 (Ex. Fear)

BTC Dominance: 59.42% Dominance has decreased from yesterday

Price action: Price facing resistance from 94k level.

Premium Index: PI has decreased since yesterday and currently at - 0.0429 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0022 %.

Open Interest: OI is at $63.94 B which has increased from
yesterday

Volume: Vol. is at $23.19 B which has increased from yesterday

To conclude: The decrease in premium index signals spot market activity influencing price more than derivatives market activity. The trader sentiment has dampened a little since price is approaching a resistance level at 94k evident from the decrease in funding rates. The open interest has increase which increases market pressure on price and may lead to volatility. The trading volume has increased but it was predominantly neutral, with buyers slightly edging above sellers.