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.