CoinEx Daily: Bitcoin Breaks Above Key Level but Negative Funding and Shorts Persist

Daily View

Bitcoin broke above $68,000, but BTC funding rates stayed negative across multiple platforms and a large trader rebuilt a core short with preset add-on sell orders above that level. Macro risk appetite stayed soft as Strait of Hormuz toll collection and Iran war uncertainty overshadowed dovish Fed signaling. Oil swung on blockade ceasefire talk, and gold and silver kept rising.