CoinEx Daily: Trump’s Crypto Support Boosts Risk Appetite, Bitcoin ETF Outflows Weigh on Market

Bitcoin long-term holder selling pressure is running its course and the distribution cycle may be ending, but Bitcoin ETF net outflows of $277.2 million indicate continued fund withdrawals. President Trump's support for cryptocurrency has triggered a chain reaction, boosting risk appetite as aggressive crypto companies enter the stock market. The November CPI report may only be a formality with a high threshold to ignite the market, while the U.S. SEC seeks comments on crypto asset trading on national securities exchanges.