CoinEx Daily: Bitcoin Drops Below $64,000 on Bearish Positioning and Broad Risk-Off Tone

Daily View

Bitcoin remained under pressure, holding around $64,000, with price action pointing to a fourth straight down day as traders increased bearish positioning and broader risk appetite weakened. Macro conditions were also less supportive, as equities softened, the dollar stayed firm, and falling Brent crude added to the broader risk-off tone while geopolitical tension around the Hormuz route remained a background concern for markets. Overall crypto sentiment was cautious to negative, with defensive positioning, leverage-related stress, and continued selling across the digital asset complex reinforcing a fragile near-term backdrop.