CoinEx Daily: Bitcoin Slips Toward $62,000 on Middle East Tension and Higher-for-Longer Rates

Daily View

Bitcoin traded under pressure, briefly slipping toward the $62,000 area as renewed Middle East tensions drove a risk-off move across markets, though large exchange outflows and steady spot positioning suggest selling has not turned indiscriminate. Macro conditions remained challenging for crypto, with oil and bond yields rising, the dollar staying firm, equities softening, and Barclays’ view that the Federal Reserve could stay on hold for an extended period reinforcing a higher-for-longer rates backdrop. Overall crypto market sentiment was cautious and defensive, with traders focused on geopolitical headlines and traditional macro signals rather than chasing upside.