Bitcoin Bounce Stalls as XRP, Zcash Lead Gains; Arca Says Rally Not a Dead-Cat Bounce
Despite a stalled weekend bounce, Arca analysts assert the recent crypto rally is a structural reset, not a dead-cat bounce, citing recovering market metrics.Summary
A weekend rebound in cryptocurrency prices stalled during Monday's U.S. session, with Bitcoin trading near $111,000 and Ether slightly below $4,000. XRP and Chainlink led gains in the CoinDesk 20 Index, while Zcash surged by 17%. Digital asset stocks, including Riot Platforms and Galaxy Digital, also saw gains. Investment firm Arca countered bearish sentiment, arguing that the recent sharp selloff was a "structural reset" rather than a collapse. Arca analysts pointed to signs of healing, such as a 15% week-over-week rise in exchange volumes, renewed open interest in decentralized perpetuals, and returning liquidity. Furthermore, they noted easing macro pressures, including fading stress in the regional banking sector and tightening high-yield credit spreads, concluding that the current rebound is a genuine recovery, not merely a "dead cat bounce."
(Source：CoinDesk)