Market rebound analysis, capital inflow after leverage cleaning
This round of "V" shaped reversal mainly stems from a technical rebound after the clearing of leverage and institutional capital's dip buying. On-chain data shows that the net inflow into exchanges has turned into a net outflow, indicating that large holders have started to accumulate. On the macro front, the stabilization of US tech stocks has alleviated risk aversion, while there has been a slight net inflow into Bitcoin ETFs, which has also boosted market confidence to some extent.
The risk lies in macro uncertainty; if US stocks continue to decline, the market may test the bottom again. It is necessary to combine on-chain indicators to assess sustainability; this rebound may serve as a prelude to new highs before the end of the year. #加密市场回调 #山寨币市场回暖 #主流币轮动上涨
