CoinEx Daily: Bitcoin Softens on Profit-Taking and DeFi Security Fears After Rally

Daily View

Bitcoin traded back toward the $78,000–$80,000 area, but momentum faded near resistance as ETH, SOL, and DOGE also softened on profit-taking after the recent rally. Macro and policy headlines remain mixed: stablecoin legislation in the US appears to be making progress, though banks are pushing back on implementation and broader crypto bill negotiations still face political and ethics-related hurdles. Sentiment is constructive but cautious, with institutional access themes supported by GSR’s new ETF launch, while risk appetite was still tempered by the roughly $292 million Kelp DAO exploit that renewed scrutiny on bridge and DeFi infrastructure security.