Bitcoin's price hovered between $97316.78 and $98472.57 over the last 24 hours, closing near the upper end at $98109.9. A decrease in funding rates and premium index suggests a bullish trend backed by real demand rather than speculation. The increased open interest implies market pressure building up, which could lead to significant price movements. However, a decrease in trading volume might indicate potential caution among traders. The overall market mood seems cautiously optimistic.