CoinEx Daily: Bitcoin Recovers as Deleveraging Slows and Macro Tailwinds Support Sentiment

Daily View

Bitcoin is experiencing signs of renewed strength, with recent analysis from QCP indicating a new foundation for rebound. Glassnode and K33 both attribute recent declines chiefly to localized deleveraging, instead of large-scale capital outflows, while broader macro conditions improve following dovish guidance from Jerome Powell and rising expectations for rate cuts. U.S. equity indices, supported by positive AI investment and interest rate expectations, are also trending higher, contributing to a constructive backdrop for crypto markets.