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

BTC

BTC/USDT

$95,691.69

-0.89%

$95,691.69

-0.89%

(24s)

24h Volume

$23,430,404,439.32

24h H/L

$97,193.34 / $95,134.48

Change: $2,058.86 (2.16%)

Long/Short

57.4%

Long: 57.4%Short: 42.6%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$95,691.70

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$107,274.70

Resistance 2$102,181.47

Resistance 1$97,033.03

Price$95,691.70

Support 1$95,503.07

Support 2$92,927.91

Support 3$91,475.27

Pivot (PP):$95,696.89

Trend:Uptrend

RSI (14):64.3

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.

Share News: