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CoinEx Daily: Bitcoin Holds Near Key Support With Defensive Sentiment Limiting Risk Appetite

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Published on 2026-05-22

Daily View

Bitcoin traded near $77,700 today, with analysts watching the $75,000 area as key support after a recent liquidation-driven pullback, while long-term holder supply nearing record highs points to continued conviction beneath the surface. Macro conditions remain cautious as markets balance rate uncertainty, mixed equity performance, and a generally firm U.S. dollar, limiting risk appetite across both traditional and digital assets. Overall crypto sentiment stayed defensive, with the Fear & Greed Index at 28 and funding-rate trends suggesting bearish positioning is easing but not yet signaling a clear return of broad risk-on momentum.

CoinEx Daily: Bitcoin Holds Near Key Support With Defensive Sentiment Limiting Risk Appetite