BTC 4-hour chart update (CP 65609)

Fear and Greed: 61 (Greed), yesterday 50 (Neutral)

BTC Dominance: 57.40% Dominance has decreased from yesterday

Price action: Price is still above the 65k threshold and this is bullish for the price. The next resistance zone is 68k to 69k. Support zone is at 62k to 61k.

Premium Index: PI has increased since yesterday and currently at 0.0063 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0025 %.

Open Interest: OI is at $30.357 B which has increased from yesterday

Volume: Vol. is at $25.114 B which has increased from yesterday

To conclude: The recent surge in volume, open interest, indicates a growing market presence. While the short-term outlook may appear bullish due to increased buying activity and decrease in funding rate which might lead to a short squeeze. However, the increasing premium index suggests a shift towards speculative-driven price action, adding to the complexity of the situation. Overall, while the increased liquidity could support continued growth, there is a risk of a price correction if buying pressure begins to wane.