Bitcoin in a Dead Cat Bounce as On-Chain Data Reveals $4.5B Outflow and $1B ETF Selloff

BTC

BTC/USDT

$68,506.17

-2.79%

$68,506.17

-2.79%

(24s)

24h Volume

$13,784,700,649.61

24h H/L

$70,516.82 / $68,110.55

Change: $2,406.27 (3.53%)

Long/Short

63.9%

Long: 63.9%Short: 36.1%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$68,506.17

▼ -0.60%

Volume (24h): -

Resistance Levels

Resistance 3$72,364.25

Resistance 2$70,811.58

Resistance 1$68,867.82

Price$68,506.17

Support 1$68,115.84

Support 2$65,637.54

Support 3$62,909.86

Pivot (PP):$68,735.17

Trend:Downtrend

RSI (14):44.9

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.

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