CoinEx Daily: Bitcoin Slides Below $63,000 on Defensive Positioning Before U.S. CPI Test

Daily View

Bitcoin is trading under pressure, slipping below $63,000 and remaining vulnerable to a retest of the $60,000 support area as positioning stays defensive ahead of tonight’s U.S. CPI release. Macro conditions are weighing on risk assets, with firmer rate-hike expectations pushing the dollar higher, pressuring equities, and driving a broad selloff across both Bitcoin and traditional hedges like gold. Overall crypto market sentiment is cautious to bearish, with rallies continuing to be sold into, ETF flow momentum looking subdued, and traders reducing risk into the inflation print.