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Analyst: Recent Bitcoin 'Dead Cat Bounce' Possibly Driven by Leverage, Risk of Further Price Decline Persists
Summary: According to on-chain analyst Ali (@alicharts), recent data indicates a 'dead cat bounce' in the Bitcoin market, with funds flowing into the crypto market decreasing. Bitcoin ETFs have seen a net outflow of nearly $1 billion in the past two weeks. Any rebounds seen in the market may be driven by leverage rather than actual ...
According to on-chain analyst Ali (@alicharts), recent data indicates a 'dead cat bounce' in the Bitcoin market, with funds flowing into the crypto market decreasing. Bitcoin ETFs have seen a net outflow of nearly $1 billion in the past two weeks. Any rebounds seen in the market may be driven by leverage rather than actual demand, posing a risk of further price decline.
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Link: Analyst: Recent Bitcoin 'Dead Cat Bounce' Possibly Driven by Leverage, Risk of Further Price Decline Persists [Copy]
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Link: Analyst: Recent Bitcoin 'Dead Cat Bounce' Possibly Driven by Leverage, Risk of Further Price Decline Persists [Copy]
