CoinEx Daily: Bitcoin Softens on Defensive Sentiment Shift, ETF Outflows and Broad Deleveraging

Daily View

Bitcoin traded with heightened volatility, briefly rallying above $67,000 before slipping back toward the $66,000 area, as weakening on-chain demand, negative 30-day net buy pressure, ETF outflows, and a jump in implied fear pointed to a softer near-term tone. Macro conditions remained a headwind for risk assets, with global equities and AI-linked stocks continuing to attract capital while a firm U.S. dollar and still-restrictive rate backdrop limited appetite for non-yielding assets. Overall crypto market sentiment turned more defensive, with broad deleveraging, heavier liquidations, and rotation into digital dollars suggesting traders expect choppy price action rather than a sustained directional breakout.

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