I heard an interesting market observation. Recently, a senior executive from a derivatives trading firm issued a warning, suggesting that Bitcoin's recent rally might just be a false rebound, in financial terms called a dead cat bounce—that is, a seemingly strong rise that may lack sustainability.

This viewpoint is actually worth pondering. He pointed out that Bitcoin has not yet truly separated from the U.S. SaaS tech stocks; in other words, Bitcoin's movement still closely follows the tech stock market. What does this mean? It means Bitcoin might still be influenced by the broader macroeconomic environment—how tech stocks move, Bitcoin will follow.

Looking at recent data, you can feel this volatility. BTC is now at around 79.33K, up 4.56% in 24 hours, which looks good, but the question is: can this rally be sustained? Will it, like in the stock market, only last a couple of days before starting to correct? This is exactly what he was saying—that it might just be a dead cat bounce, and after the rebound, it could continue to decline.

Currently, the volatility in the crypto and tech stock markets is quite significant, and many are watching to see when Bitcoin can truly break free from the influence of tech stocks and establish an independent trend. If this warning proves true, then the upcoming movements will need to be viewed with more caution.