11-12-25

BTC 4-hour chart update (91110)

Fear and Greed: 29 (Fear), yesterday 26 (Fear)

BTC Dominance: 59.31% Dominance has increased from yesterday

Price action: Price continuing sideways chop within the channel.

Premium Index: PI has decreased since yesterday and currently at - 0.062 %.

Funding Rates: FR has remained unchanged since yesterday and currently at 0.0037 %.

Open Interest: OI is at $62.3 B which has decreased from yesterday

Volume: Vol. is at $20.7 B which has increased from yesterday

To conclude: The decrease in premium index signals increased
spot market influence over price. The open interest has decreased further which may lead to reduced volatility as derivatives traders are taking a wait and see approach, and not lock liquidity in open contracts. The trading volume has increased showing improved activity. However, volume was sell side biased and this could be short term traders taking profit.