14-12-25

BTC 4-hour chart update (88828)

Fear and Greed: 21 (Ex. Fear), yesterday 23 (Ex. Fear)

BTC Dominance: 59.12% Dominance has decreased from yesterday

Price action: Price down 1.45% from the close of yesterday.

Premium Index: PI has decreased since yesterday and currently at - 0.0482 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0032 %.

Open Interest: OI is at $60.7 B which has increased from
yesterday

Volume: Vol. is at $7.43 B which has decreased from yesterday

To conclude: The premium index has decreased evidence of
increased spot market influence over price. The trader sentiment is bearish signaled by a drop in funding rates. The open interest has increased which increases market pressure on price and that leads to volatility. The trading volume has also decreased showing waning interest. The price dip may due to manipulation or it may be due to news that Japan federal bank is set increase interest rate by 25 basis points. There could be further downside is the Japan carry trade implications which will not only affect Crypto but also Tradfi.