CoinEx Daily: Bitcoin Market Sentiment Weakens amid Powell Speech Uncertainty and Outflows

Daily View

Bitcoin sentiment has weakened, as on-chain data reveals a 24-hour net outflow of 19,541.03 BTC from centralized exchanges (CEXs), while analysts observe that market recoveries frequently follow periods of significant losses among larger traders. At the same time, the impending speech by Federal Reserve Chair Jerome Powell—along with ongoing concerns about rumors of his potential resignation—heightens macroeconomic uncertainty, especially with key upcoming events like the US PCE inflation report and jobs data on the horizon.