CoinEx Daily: Bitcoin Faces Major Resistance as CEX Outflows and Macro Optimism Drive Markets

Daily View

Bitcoin is encountering a key resistance zone at 117,000 USD, with considerable CEX outflows continuing as 7,918.29 BTC left exchanges in the past 24 hours. Macro optimism is evident after prominent voices like Trump projected over 17 trillion USD in US investments for the year, and Federal Reserve officials signaling support for further interest rate cuts following a 25-basis-point reduction this week. These dynamics are keeping volatility elevated while bullish sentiment grows in both crypto and broader markets.