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.
Fear and Greed: 20 (Ex. Fear), yesterday 23 (Ex. Fear)
BTC Dominance: 59.35% Dominance has increased from yesterday
Price action: Price has broken above the middle of the bear flag channel.
Premium Index: PI has increased since yesterday and currently at - 0.0416 %.
Funding Rates: FR has increased since yesterday and currently at 0.0035 %.
Open Interest: OI is at $60.29 B which has decreased from yesterday
Volume: Vol. is at $8.94 B which has decreased from yesterday
To conclude: The trader sentiment is optimistic as evident from the increase in funding rates. The market liquidity has decreased as both open interest and trading volume saw a dip. The speculative fervor has increased signaled by the increase in premium index. Trader must be vigilant that the rise in price, lower market liquidity and speculative activity increasing shows that this Sunday pump may not fundamental demand for BTC.
Fear and Greed: 23 (Ex. Fear), yesterday 28 (Fear)
BTC Dominance: 59.23% Dominance has decreased from yesterday
Price action: Price traded in a tight range today. Price below the middle of the channel.
Premium Index: PI has increased since yesterday and currently at - 0.057 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0012 %.
Open Interest: OI is at $60.52 B which has decreased from yesterday
Volume: Vol. is at $12.59 B which has decreased from yesterday
To conclude: The speculative fervor has increased slightly evident for the increase in premium index. The funding rate has decreased signaling bearish trader sentiment. The decrease in open interest reduces market pressure on price and may lead to reduced volatility. The trading volume has decreased in line with normal weekend volume.
BTC Dominance: 59.31% Dominance has increased from yesterday
Price action: Price is down 3.17% from the close of yesterday. Still trading within the bear flag channel.
Premium Index: PI has decreased since yesterday and currently at - 0.0635 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0024 %.
Open Interest: OI is at $61.09 B which has decreased from yesterday
Volume: Vol. is at $17.73 B which has increased from yesterday
To conclude: The spot market activity influence over price has increase signaled by the decrease in premium index and this means that spot traders are selling BTC. The trader sentiment at the derivatives market are bearish and preferring to open shorts as evident from the decrease in funding rate. The open interest has decreased and this might lead to short term price stabilization due to reduced pressure on price. The trading volume has increased but it was sell side biased. Trader must remain vigilant that price is still trading within the bear flag and was rejected from the top of the channel.
BTC Dominance: 59.27% Dominance has increased decreased from yesterday
Price action: Price facing resistance from 94k level.
Premium Index: PI has decreased since yesterday and currently at - 0.0526 %.
Funding Rates: FR has increased since yesterday and currently at 0.0048 %.
Open Interest: OI is at $64.90 B which has increased from yesterday
Volume: Vol. is at $16.29 B which has decreased from yesterday
To conclude: The spot market influence over price has increased evidenced by the decrease in premium index. This means short term spot traders are sold at around 94k level. The funding rates have increased and this points optimistic trader sentiment. The increase in open interest increases the probability of volatility due to increased market pressure on price. The trading volume has decreased signaling waning interest. Trader must remain vigilant as macro environment is still uncertain and only flip bullish if price closes and holds above 95k.
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.
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 activityās 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. Traderās 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.
Fear and Greed: 24 (Ex. Fear), yesterday 28 (Fear)
BTC Dominance: 59.39% Dominance has increased from yesterday
Price action: Price lost the uptrend line and down 5.3% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at - 0.035 %.
Funding Rates: FR has increased since yesterday and currently at 0.0045 %.
Open Interest: OI is at $56.9 B which has decreased from yesterday
Volume: Vol. is at $23.22 B which has increased from yesterday
To conclude: The speculative fervor has increased as evident from the increase in premium index. The trader sentiment has improved signaled by the increase in funding rate. The open interest has decreased and this means short term long traders were stopped out of their positions. The trading volume has increased but that was sell side biased. Traders must remain cautious as macro environment is bearish and there are no new micro catalysts/narrative in the crypto sphere to rally prices back up.
BTC Dominance: 59.32% Dominance has decreased from yesterday
Price action: Price traded in a tight range and still holding the uptrend.
Premium Index: PI has decreased since yesterday and currently at - 0.0663 %.
Funding Rates: FR has increased since yesterday and currently at 0.0038 %.
Open Interest: OI is at $58.9 B which has increased from yesterday
Volume: Vol. is at $8.07 B which has decreased from yesterday
To conclude: The increase in premium index signals growing spot market influence over price. The trader sentiment has also improved evident from the increase in funding rates. The open interest has increased which may cause volatility. The trading volume has decreased which is not abnormal for a weekend. For the coming week trader must remain vigilant that price does not lose the uptrend and then we can see price attack the 95k resistance.
Fear and Greed: 28 (Fear), yesterday 25 (Ex. Fear)
BTC Dominance: 59.35% Dominance has increased from yesterday
Price action: Price traded in a tight range and still holding the upward trend line.
Premium Index: PI has increased since yesterday and currently at - 0.0494 %.
Funding Rates: FR has increased since yesterday and currently at 0.0016 %.
Open Interest: OI is at $58.74 B which has decreased from yesterday
Volume: Vol. is at $10.17 B which has decreased from yesterday
To conclude: The speculative activity influence over price has increased as evident from the increase in Premium index. The trader sentiment has improved signaled by the increase in funding rate. Market liquidity has contracted as both open interest and trading volume have decreased. This will lead to price stabilizing over the weekend.
Fear and Greed: 25 (Ex. Fear), yesterday 22 (Ex. Fear)
BTC Dominance: 59.26% Dominance has increased from yesterday
Price action: Price slightly down from the close of yesterday and uptrend is still intact.
Premium Index: PI has decreased since yesterday and currently at - 0.0673 %.
Funding Rates: FR has decreased since yesterday and currently at -0.0004 %.
Open Interest: OI is at $59.2 B which has decreased from yesterday
Volume: Vol. is at $16.1 B which has decreased from yesterday
To conclude: The premium index has decreased signaling spot market activity influencing price. The funding rate is negative and that shows traders are shorting at the moment. The open interest has decreased a lot. One the one hand the drop in open interest reduces volatility but on the other hand points to a reset in open contracts, which is not unusual since it is end of the month and option traders close their positions at this point. Interest was low as evident from the decrease in trading volume.
Fear and Greed: 22 (Ex. Fear), yesterday 15 (Ex. Fear)
BTC Dominance: 59.21% Dominance has increased from yesterday
Price action: Price traded in a tight range but is above the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at - 0.067 %.
Funding Rates: FR has decreased since yesterday and currently at 0.004 %.
Open Interest: OI is at $71.07 B which has increased from yesterday
Volume: Vol. is at $18.87 B which has increased from yesterday
To conclude: The premium index has decreased signaling growing spot market influence over price. The funding rate has decreased showing bearish sentiment among traders. The open interest is high which increases pressure on price. The trading volume has increased and this is in line with the price action so there does not appear to me manipulation. However, the elevated open interest is of concern since that can lead to volatility.
Fear and Greed: 15 (Ex. Fear), yesterday 20 (Ex. Fear)
BTC Dominance: 58.79% Dominance has increased from yesterday
Price action: Price is up 3% from the close of yesterday and trading above the ema ribbon.
Premium Index: PI has increased since yesterday and currently at - 0.0362 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0008 %.
Open Interest: OI is at $67.17 B which has increased from yesterday
Volume: Vol. is at $17.26 B which has decreased from yesterday
To conclude: The premium index has increased signaling growing influence of derivatives market on price. The funding rate has decreased pointing to cautious sentiment among traders. The increase in open interest increases derivatives market pressure on price and may lead to volatility. The trader interest is waning evident from the decrease in trading volume. Therefore, this move up may be led by derivatives market trading rather than spot market moving the price up.
Fear and Greed: 20 (Ex. Fear), yesterday 19 (Ex. Fear)
BTC Dominance: 58.70% Dominance has decreased from yesterday
Price action: Price facing resistance from the ema ribbon and trying to hold 87.5k as support.
Premium Index: PI has decreased since yesterday and currently at - 0.0537 %.
Funding Rates: FR has increased since yesterday and currently at 0.0038 %.
Open Interest: OI is at $65.85 B which has increased from yesterday
Volume: Vol. is at $23.15 B which has increased from yesterday
To conclude: The spot market activityās influence over price has increased evident from the decrease in premium index. The trader sentiment has improved signaled by the increase in funding rates. Market liquidity has increased as both open interest and trading volume have increased. The market signals are positive but the price is not representative of these positive signals. Traders must remain vigilant as price had two consecutive weeks below the 50 week moving average.
Fear and Greed: 19 (Ex. Fear), yesterday 13 (Ex. Fear)
BTC Dominance: 58.83% Dominance has decreased from yesterday
Price action: Price trading above the 87.5k resistance.
Premium Index: PI has decreased since yesterday and currently at - 0.0484 %.
Funding Rates: FR has increased since yesterday and currently at 0.0029 %.
Open Interest: OI is at $63.10 B which has increased from yesterday
Volume: Vol. is at $22.80 B which has increased from yesterday
To conclude: The premium index has decreased signaling spot market activity pushing the price up. The funding rate has increased showing growing positive sentiment among traders. However, derivatives market sentiment is prone to flip flop. The open interest has increased which increases open contract pressure on price and may lead to volatility. The trading volume has increased pointing to growing liquidity. Traders must keep note that we have opened a CME gap at 84.3k ā 86.8k, closing price on Friday and opening on Monday.
Fear and Greed: 13 (Ex. Fear), yesterday 11 (Ex. Fear)
BTC Dominance: 59.23% Dominance has increased from yesterday
Price action: Price is up 2.6% from the close of yesterday and approaching a resistance zone.
Premium Index: PI has increased since yesterday and currently at - 0.0457 %.
Funding Rates: FR has decreased since yesterday and currently at -0.001 %.
Open Interest: OI is at $61.35 B which has increased from yesterday
Volume: Vol. is at $10.79 B which has decreased from yesterday
To conclude: The speculative activity is influencing price more than spot market evident from the increase in premium index. The trader sentiment is bearish as the funding rate has gone negative. The open interest has increased and this increases market pressure on price leading to volatility. The trading volume has decreased which shows reduced market activity but that is not abnormal for a weekend.
Fear and Greed: 11 (Ex. Fear), yesterday 14 (Ex. Fear)
BTC Dominance: 59.08% Dominance has increased from yesterday
Price action: Price traded in a tight range and resistance at 87.5k.
Premium Index: PI has decreased since yesterday and currently at - 0.054 %.
Funding Rates: FR has decreased since yesterday and currently at 0.004 %.
Open Interest: OI is at $59.6 B which has increased from yesterday
Volume: Vol. is at $36.2 B which has increased from yesterday
To conclude: The spot market influence over price has increased signaled by the decrease in premium index. The trader sentiment is cautious evident by the decrease in funding rates. The open interest has increased which increased market pressure on price which will lead to volatility. The trading volume has decreased but it is still healthy for a weekend volume.
Fear and Greed: 14 (Ex. Fear), yesterday 11 (Ex. Fear)
BTC Dominance: 58.88% Dominance has decreased from yesterday
Price action: Price is down 3.28% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at - 0.0515 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0043 %.
Open Interest: OI is at $56.46 B which has decreased from yesterday
Volume: Vol. is at $53.04 B which has increased from yesterday
To conclude: The price is being influenced by the selloff at the spot market at witnessed by the decrease in premium index and cumulative volume delta. The trader sentiment is bearish evident from the decrease in funding rates. Open interest has decreased which reduced pressure on price and may lead to price stabilization. The trading volume has increased but CVD and price action make it clear that it was sell side volume at the spot market rather than derivatives market shorts. Traders must remain cautious while opening longs.
Fear and Greed: 11 (Ex. Fear), yesterday 15 (Ex. Fear)
BTC Dominance: 58.94% Dominance has decreased from yesterday
Price action: Price is down 5.45% from the close of yesterday.
Premium Index: PI has decreased since yesterday and currently at - 0.0329 %.
Funding Rates: FR has increased since yesterday and currently at 0.0084 %.
Open Interest: OI is at $63.06 B which has increased from yesterday
Volume: Vol. is at $27.02 B which has decreased from yesterday
To conclude: The spot market influence over price has increased signaled by the decrease in premium index. The trader sentiment has improved and are preferring to open longs evident from the increase in funding rates. The open interest has increased which increases pressure on price and may lead to volatility. The trading volume has decreased which shows waning interest for the underlying asset. The mixed signals show uncertainty in the market and price has not found its bottom clear from the loss of 87k support.
Fear and Greed: 15 (Ex. Fear), yesterday 11 (Ex. Fear)
BTC Dominance: 59.32% Dominance has increased from yesterday
Price action: Price is down 4.3% from the close of yesterday.
Premium Index: PI has increased since yesterday and currently at - 0.0312 %.
Funding Rates: FR has decreased since yesterday and currently at 0.0052 %.
Open Interest: OI is at $61.35 B which has decreased from yesterday
Volume: Vol. is at $30.38 B which has decreased from yesterday
To conclude: The bearish sentiment among traders has increased apparent by the decreasing funding rates. Speculative fervor in the market has increased as signaled by the increase in premium index. Market liquidity has contracted as both open interest and trading volume have decreased. The decrease in open interest may lead to price stabilization for the short term but it also shows that traders are cautious and uncertain and not willing to lock funds in open contracts Decrease in trading volume is more worrisome because with the price dip it shows there are no buyers at the moment. Sell pressure causes price to dump a lot more than normal market conditions.
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