Analyst: Bitcoin's recent rebound may be driven by leverage, and capital outflows could lead to further price declines
PANews, December 28 — On-chain analyst Ali (@alicharts) posted an analysis on X, pointing out that the recent bitcoin market is showing a "dead cat bounce." According to on-chain data, the capital inflow into the cryptocurrency market continues to decline, with bitcoin ETF net outflows nearing $1 billion over the past two weeks. Any rebound currently seen in the market may be driven by leverage rather than spot demand, so the risk of further price declines still exists.
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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