CoinEx Daily: Crypto Markets Slide as WLFI Launch Drives Major Capital Rotation on CEXs

Daily View

The crypto market is experiencing broad declines, with the total market capitalization dropping to the $3.8 trillion range. Bitcoin has seen its market cap fall below that of silver, making it the eighth largest global mainstream asset, and net inflows to CEX reached 2,600.32 BTC in the past 24 hours as outflows slowed. Market sentiment remains cautious amid heavy trading activity and reshuffling prompted by the WLFI token launch, alongside ongoing debate about inflation data increasing bearishness for Bitcoin.