CoinEx Daily: Bitcoin Softens With DeFi Rout and Geopolitical Risk Driving Defensive Sentiment

Daily View

Bitcoin’s rally is losing momentum near a key breakout zone as traders weigh hotter Japanese inflation and escalating Iran-related geopolitical risk, though the backdrop is still supported by improving spot ETF flow trends and continued dip-buying from larger holders. Broader crypto sentiment is cautious, with profit-taking in majors such as XRP and weakness across benchmark indexes, while DeFi has become the day’s main pressure point after the KelpDAO exploit triggered a sharp sector repricing and renewed concerns around security, decentralization, and institutional readiness. Regulatory and legal headlines are also shaping tone, from Wisconsin’s action against prediction-market platforms to fresh scrutiny around Polymarket-linked activity, reinforcing a more defensive risk posture.