Analyst: Recent bitcoin shows a "dead cat bounce" possibly driven by leverage, with risks of further price declines remaining
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According to TechFlow, on December 28, on-chain analyst Ali (@alicharts) posted an analysis on X, pointing out that the recent bitcoin market is experiencing a "dead cat bounce." From on-chain data, the capital inflow into the cryptocurrency market continues to decline, with bitcoin ETF net outflows nearing $1 billion over the past two weeks. Any rebound currently seen in the market may be driven by leverage rather than spot demand, so the risk of further price declines still exists.
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