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[Analyst Says Bitcoin Rebound May Be Driven by Leverage, Increased Outflows Could Push Prices Lower] On-chain analyst Ali (@alicharts) posted on the X platform, stating that Bitcoin's recent market performance resembles a 'dead cat bounce.' According to on-chain data, capital inflows into the cryptocurrency market have continued to decline, with Bitcoin ETFs experiencing a net outflow of nearly $1 billion over the past two weeks. Ali pointed out that any current rebound in the market may primarily be driven by leverage rather than supported by spot demand, meaning the risk of further price declines remains.