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.
Source: https://en.coinotag.com/breakingnews/bitcoin-in-a-dead-cat-bounce-as-on-chain-data-reveals-4-5b-outflow-and-1b-etf-selloff
