Bitcoin in a Dead Cat Bounce as On-Chain Data Reveals $4.5B Outflow and $1B ETF Selloff
COINOTAG News, reporting on December 28, cites on-chain analyst Ali who argues that the Bitcoin market is exhibiting a dead cat bounce pattern, with a renewed downside risk possible after any short-lived rally.
Emerging on-chain data show that inflows into the crypto market have steadily declined, marking the first net capital outflow in almost two years, now around -$4.5 billion, indicating funds are leaving rather than entering the sector.
Additionally, the Bitcoin ETF has posted a near $1 billion net outflow over the last two weeks. Any observed rebound could be driven more by leverage than genuine spot demand, underscoring continued downside risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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