CoinEx Daily: Bitcoin Stalls Below $74,000 on Weak Spot Demand and Cautious Risk Appetite

Daily View

Bitcoin remained pinned below the $74,000 area and traded largely sideways, with on-chain data pointing to stalled whale and mid-sized holder accumulation and softer spot demand despite resilience near recent highs. Macro conditions were broadly constructive as Asian equities advanced to fresh highs, oil eased and geopolitical fears moderated, while a firmer risk backdrop offset signs that the debasement trade is cooling amid uncertainty around rates and dollar direction. Overall crypto market sentiment was cautious to neutral: institutional and regulatory headlines stayed supportive, but broad participation remained selective and conviction looked subdued rather than outright risk-on.