CoinEx Daily: Bitcoin Stalls Near 12-Week High With Fed Outlook Tempering Risk Appetite

Daily View

Bitcoin traded around the $79,000 area after briefly pushing to a 12-week high, with upside momentum stalling near $79,400 as sellers emerged, though whale accumulation and deeply negative funding suggest positioning remains cautiously supportive on dips. Macro conditions were mixed but modestly constructive, with Asian equities firmer on subdued geopolitical tension, the Fed outlook in focus after reports the DOJ dropped its probe into Jerome Powell, and broader risk appetite still sensitive to rates and dollar direction. Overall crypto market sentiment was cautious rather than euphoric, as institutional adoption headlines and ETF traction supported the backdrop while regulatory actions, sanctions news, and continued stress in parts of the digital asset market kept conviction measured.