{"id":472904,"date":"2021-10-01T13:00:39","date_gmt":"2021-10-01T13:00:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=472904"},"modified":"2024-06-11T10:03:51","modified_gmt":"2024-06-11T10:03:51","slug":"bitcoin-10-24-hours-dead-cat-bounce","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-10-24-hours-dead-cat-bounce\/","title":{"rendered":"Bitcoin Jumps 10% In 24 Hours, Dead Cat Bounce Or Real Move Ahead?"},"content":{"rendered":"

Bitcoin has jumped more than 10% in the last 24 hours as the coin’s price reaches $47.5k. Past pattern may shed light on whether this is just a dead cat bounce or a lead up to a real move up.<\/p>\n

Bitcoin Netflows Of Past Dead Cat Bounces Compared<\/h2>\n

As pointed out by a CryptoQuant post<\/a>, a look at the BTC netflows of the past cycles may reveal the pattern that dead cat bounces have followed historically.<\/p>\n

The Bitcoin exchange “netflow<\/a>” is an indicator that’s defined as the difference between the inflow and the outflow.<\/p>\n

When exchanges observe higher inflows compared to the outflows, their reserves gain a net amount of BTC and the netflow shows positive values.<\/p>\n

On the other hand, higher outflows lead to a net amount of Bitcoin leaving exchanges, and so the netflow takes negative values.<\/p>\n

Sustained negative values of the indicator have usually been bullish for the price of the coin as they imply that there is a buying pressure in the market while positive values can be bearish.<\/p>\n

Now, here is how the 2018 dead cat bounce<\/a> looked like with the netflows:<\/p>\n

\"Bitcoin<\/p>\n

The Bitcoin netflows during 2018<\/pre>\n
As you can see in the above graph, the indicator showed highly positive values during the formation of the dead cat bounce in 2018.<\/p>\n
Below is another chart, this time for the year 2019:<\/p>\n
\"Bitcoin<\/p>\n
The dead cat bounce of 2019<\/pre>\n
Similarly to the other chart, here too the move up ended up as a dead cat bounce as Bitcoin inflows dominated on exchanges.<\/p>\n
However, as soon as the netflows started decreasing and eventually turned negative, the price saw a sharp increase.<\/p>\n
Related Reading |\u00a0Quant: Bitcoin Indicators Now Look Similar To Q4 2020, Big Move Ahead?<\/a><\/strong><\/em><\/p>\n
Now, here is a chart of what happened in 2017:<\/p>\n
\"Bitcoin<\/p>\n
Bitcoin price in 2017 vs the netflows<\/pre>\n
Here when the peak happened, the netflows were also highly positive and so the price fell. But the inflows also sharply dropped off soon after and what followed was a big price move up.<\/p>\n
Related Reading |\u00a0Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling<\/a><\/strong><\/em><\/p>\n
Finally, how do the 2021 netflows look like?<\/p>\n
\"Bitcoin<\/p>\n
Bitcoin netflows right now<\/pre>\n
The peak that formed after the ATH this year was indeed a dead cat bounce as the highly positive netflows confirm. However, it’s different this time.<\/p>\n
The netflows look to be severely negative now. With these values, it looks more likely that the trend will be similar to 2017 where negative netflows took the price up.<\/p>\n
At the time of writing, Bitcoin’s price<\/a> floats around $47.5k, up 15% in the last seven days. Here is a chart showing the trend in the price of the coin over the last five days:<\/p>\n
\"Bitcoin<\/p>\n
BTC's price surges up | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has jumped more than 10% in the last 24 hours as the coin’s price reaches $47.5k. Past pattern may shed light on whether this is just a dead cat bounce or a lead up to a real move up. Bitcoin Netflows Of Past Dead Cat Bounces Compared As pointed out by a CryptoQuant post, a look at the BTC netflows of the past cycles may reveal the pattern that dead cat bounces have followed historically. The Bitcoin exchange “netflow” is an indicator that’s defined as the difference between the inflow and the outflow. When exchanges observe higher inflows compared to the outflows, their reserves gain a net amount of BTC and the netflow shows positive values. On the other hand, higher outflows lead to a net amount of Bitcoin leaving exchanges, and so the netflow takes negative values. Sustained negative values of the indicator have usually been bullish for the price of the coin as they imply that there is a buying pressure in the market while positive values can be bearish. Now, here is how the 2018 dead cat bounce looked like with the netflows: The Bitcoin netflows during 2018 As you can see in the above graph, the indicator showed highly positive values during the formation of the dead cat bounce in 2018. Below is another chart, this time for the year 2019: The dead cat bounce of 2019 Similarly to the other chart, here too the move up ended up as a dead cat bounce as Bitcoin inflows dominated on exchanges. However, as soon as the netflows started decreasing and eventually turned negative, the price saw a sharp increase. Related Reading |\u00a0Quant: Bitcoin Indicators Now Look Similar To Q4 2020, Big Move Ahead? Now, here is a chart of what happened in 2017: Bitcoin price in 2017 vs the netflows Here when the peak happened, the netflows were also highly positive and so the price fell. But the inflows also sharply dropped off soon after and what followed was a big price move up. Related Reading |\u00a0Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling Finally, how do the 2021 netflows look like? Bitcoin netflows right now The peak that formed after the ATH this year was indeed a dead cat bounce as the highly positive netflows confirm. However, it’s different this time. The netflows look to be severely negative now. With these values, it looks more likely that the trend will be similar to 2017 where negative netflows took the price up. At the time of writing, Bitcoin’s price floats around $47.5k, up 15% in the last seven days. Here is a chart showing the trend in the price of the coin over the last five days: BTC’s price surges up | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":472908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,11614,84407,1119,1144],"class_list":["post-472904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bull","tag-bitcoin-dead-cat-bounce","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Jumps 10% In 24 Hours, Dead Cat Bounce Or Real Move Ahead?<\/title>\n<meta name=\"description\" content=\"Bitcoin has jumped more than 10% in the last 24 hours as the coin's price reaches $47.5k. 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Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Jumps 10% In 24 Hours, Dead Cat Bounce  Or Real Move Ahead?","url":"http:\/\/ktsl888.com\/news\/bitcoin-10-24-hours-dead-cat-bounce\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-10-24-hours-dead-cat-bounce\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/10\/executium-Qu4-NrGhppk-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/10\/executium-Qu4-NrGhppk-unsplash-scaled.jpg?fit=2560%2C1703"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bull","bitcoin dead cat bounce","btc","btcusd"],"dateCreated":"2021-10-01T13:00:39Z","datePublished":"2021-10-01T13:00:39Z","dateModified":"2024-06-11T10:03:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Jumps 10% In 24 Hours, Dead Cat Bounce  Or Real Move Ahead?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-10-24-hours-dead-cat-bounce\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-10-24-hours-dead-cat-bounce\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/executium-Qu4-NrGhppk-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/executium-Qu4-NrGhppk-unsplash-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bull\",\"bitcoin dead cat bounce\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-10-01T13:00:39Z\",\"datePublished\":\"2021-10-01T13:00:39Z\",\"dateModified\":\"2024-06-11T10:03:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/10\/executium-Qu4-NrGhppk-unsplash-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/472904"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=472904"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/472904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/472908"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=472904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=472904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=472904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}