BlockBeats News, December 28th. On-chain analyst Ali posted an article stating that the recent Bitcoin market is showing a “dead cat bounce” state, and the price may fall again afterwards.
From on-chain data, the funds flowing into the cryptocurrency market have been steadily decreasing, with the first net capital outflow in nearly two years, now down to -$4.5 billion. This means that current funds are flowing out of the crypto market rather than flowing in.
Bitcoin ETF has seen a net outflow of nearly $1 billion in the past two weeks. Any rebound seen in the market may be driven by leverage rather than spot demand, so the risk of further price decline still exists.
