New: @AnndyLian rebuts @Jason Calacanis's "dead cat bounce" characterization of Bitcoin's rebound from $75k-$80k, arguing it stems from genuine institutional spot ETF inflows like $433M led by BlackRock and Fidelity rather than low-volume short covering. Key supporting metrics include on-chain accumulation by long-term holders, RSI near 64 showing balanced momentum, subdued perpetual funding rates avoiding over-leverage, and strong bid defense around $78k-$78.5k. The analysis frames the move as structural consolidation and buyer absorption of supply above $80k, contrasting it with classic dead cat traits like hollow rallies driven by retail frenzy or derivative churn alone.
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