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11/09/25 22:39 UTC-04
Bitcoin’s Rise to $116,353 Seen as a “Dead Cat Bounce”
Technical analysis results suggest that today’s rise of Bitcoin to $116,353 is likely a “dead cat bounce.”
Technical analysis results suggest that today’s rise of Bitcoin to $116,353 is likely a “dead cat bounce.”
The recent rise of Ethereum relative to Bitcoin is attracting the attention of cross-asset analysts, with the latest Sevens Report warning that trading long ETH and short BTC may carry signals for equity markets.
Analyst Michaël van de Poppe addressed a question that interests many traders — at what price it makes sense to buy Ethereum after it has set a new all-time high.
Crypto analyst BitcoinHyper believes that Bitcoin may face a bearish trend after breaking key support levels. While a short-term rebound is possible, the overall outlook remains cautious. Traders are advised to manage risk amid unstable market conditions.
XRP has demonstrated significant strengthening, establishing a solid base above $2.85 and beginning a dynamic rally that allowed it to outpace both Bitcoin and Ethereum in terms of appreciation.
Amid Bitcoin’s (BTC) drop below $114,000, August 1 saw a sharp decline in net taker volume on Binance to -$1.5 billion — one of the worst readings in recent weeks, signaling overwhelming dominance of market sell orders. Analyst Amr Taha attributes this to a wave of liquidations of late long positions entered during the recent price rebound.
Over the past 30 days, the ratio of long-term to short-term Bitcoin holders (LTH/STH Ratio) has decreased by 11%. This indicates that experienced investors have gradually been selling their holdings, passing assets into the hands of new market participants. Similar behavior was observed ahead of previous all-time highs.