Daily View

Bitcoin remains under pressure, extending its slide as rising bond yields, a firmer dollar backdrop, and elevated odds of further rate tightening weigh on risk assets, while record ETF outflows point to softer near-term demand. Macro conditions are mixed to negative for crypto, with equities facing tighter financial conditions and leverage concerns, even as policy headlines in the U.S. remain broadly supportive of the digital asset industry. Overall crypto market sentiment is cautious and defensive, with traders showing persistent pessimism but relatively subdued implied volatility suggesting orderly positioning rather than panic.

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