CoinEx Daily: Bitcoin Rebounds Above $111K Amid Market Retracement

Daily View

Bitcoin has rebounded above $111,000 after falling below the $110,000 level, as the crypto market retraces gains from the recent Powell-driven rally. Over $904 million in positions were liquidated yesterday, with notable whales incurring large floating losses on both Bitcoin and Ethereum. Macroeconomic uncertainty persists, driven by shifting Federal Reserve expectations and policy speculation surrounding potential personnel changes and interest rate cuts.