CoinEx Daily: Bitcoin Stays Defensive on Higher Yields, Dollar Strength and Fed Caution

Daily View

Bitcoin briefly broke below $60,000 amid heavy liquidation pressure before rebounding back above that level, with price action remaining fragile as traders focus on key support and the upcoming U.S. core PCE data as a near-term macro stress test. Macro conditions were mixed but broadly risk-sensitive: rising Treasury yields and expectations for a more hawkish Fed weighed on sentiment, while strength in Asian equities and renewed enthusiasm around the AI-driven technology trade helped stabilize broader markets despite a firm dollar backdrop. Overall crypto market sentiment remains cautious and defensive, with capital still competing against high-conviction equity themes, persistent fund outflows, and signs that investors are waiting for clearer macro direction before rebuilding risk exposure.