PANews reported on December 28 that on-chain analyst Ali (@alicharts) published an analysis on the X platform pointing out that the Bitcoin market has recently shown a "dead cat bounce." On-chain data shows that funds flowing into the cryptocurrency market have continued to decline, with Bitcoin ETFs experiencing net outflows of nearly $1 billion in the past two weeks. Any rebound currently seen in the market is likely driven by leverage rather than supported by spot demand, so the risk of further price declines still exists.