Bitcoin Price Rebound Raises Concerns of a 'Dead-Cat Bounce'
The BTC/USD pair has been experiencing a significant price rebound over the past few days, with the recent dip in both crypto and stock markets appearing to be buying opportunities for investors.
According to data compiled by CoinGlass, futures open interest continued rising to $45 billion, its highest level since February 21, indicating that analysts are indeed taking advantage of the dip to buy into Bitcoin.
However, some experts caution that this rebound may merely be a 'dead-cat bounce', where an asset in freefall bounces back briefly before resuming its downward trend.