CoinEx Daily: Bitcoin Short Pressure Rises after London ETP Launch and Institutional Activity

Daily View

Bitcoin is facing increased short pressure, with major whales adding to short positions totaling $121 million, even as institutional moves like BlackRock's Bitcoin ETP launch on the London Stock Exchange signal broader adoption. Meanwhile, macro signals remain mixed, with stablecoin activity, DeFi competitions, and ETF filings contributing to market volatility. Analyst sentiment highlights the risk of a rapid bearish turn if long-term spot investor momentum wanes.