CoinEx Daily: Bitcoin Softens on Risk-Off Mood and Dollar Strength Overwhelming On-Chain Demand

Daily View

Bitcoin came under pressure in today’s session, briefly slipping below $63,000 after failing to sustain a move above $64,000, as price action remained heavy despite some signs of modest improvement in on-chain demand. The macro backdrop was risk-off, with Asia-Pacific equities selling off, geopolitical uncertainty adding caution, and broader market positioning still sensitive to the outlook for rates and dollar strength. Overall crypto market sentiment was subdued to cautious, with traders showing limited conviction as Bitcoin reacted more to external macro stress than to crypto-specific headlines.