Analyst: Recently, Bitcoin has shown a "dead cat bounce" or is driven by leverage, and the risk of further price decline still exists

On-chain analyst Ali (@alicharts) posted an analysis on X platform, pointing out that the Bitcoin market is currently in a "dead cat bounce" state. According to on-chain data, the inflow of funds into the cryptocurrency market has been continuously declining, with nearly $1 billion net outflow from Bitcoin ETFs in the past two weeks. Any rebound seen in the market may be driven by leverage rather than supported by spot demand, so the risk of further price declines still exists.