CoinEx Daily: Bitcoin Slips Toward $79,000 With Risk Aversion Overshadowing ETF Support

Daily View:

Bitcoin slipped toward $79,000 and remains pinned below the key $85,000 resistance zone, with positioning still cautious even as some analysts view deeply negative funding and steady ETF inflows as signs of underlying support. Macro conditions remain mixed: equities showed some pressure amid crypto-related earnings misses, rates stay restrictive, and the dollar backdrop continues to matter for risk appetite even as the debasement narrative has kept institutional interest in Bitcoin intact.

Overall crypto market sentiment is cautious to slightly constructive, with near-term risk aversion dominating price action but broader conviction supported by continued ETF demand and expectations that macro tailwinds could reassert if financial conditions ease.