CoinEx Daily: Bitcoin Softens on Global Risk-Off Rout and Higher Rates Repricing Fears

Daily View

Bitcoin briefly broke below $63,000 in an Asia-session leverage flush before stabilizing near $63,800, suggesting dip-buying interest but still fragile short-term momentum. Macro conditions remained risk-off as Japanese and South Korean equities plunged, circuit breakers were triggered in Korea, and markets focused on whether global rates and the broader cost of capital may need to reprice higher, a backdrop that typically supports dollar strength and tighter financial conditions. Overall crypto sentiment stayed cautious to bearish, with funding rates across major venues leaning negative even as ETF flows improved and Bitcoin showed relative resilience versus the broader cross-asset selloff.