08-12-25

BTC 4-hour chart update (90303)

Fear and Greed: 20 (Ex. Fear), yesterday 20 (Ex. Fear)

BTC Dominance: 59.10% Dominance has decreased from yesterday

Price action: Sideway chop continues and fell below the middle of the channel.

Premium Index: PI has decreased since yesterday and currently at - 0.056 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0023 %.

Open Interest: OI is at $61.29 B which has increased from
yesterday

Volume: Vol. is at $16.39 B which has increased from yesterday

To conclude: The spot market activity is influencing price more than derivatives market evident from the decrease in premium index. The trader sentiment is bearish signaled by the decrease in funding rate. The open interest has increased which increases market pressure on price leading to volatility. The trading volume has increased showing improved activity but it was sell side biased.