CoinEx Daily: Bitcoin Falls After Middle East Escalation Drives Oil Higher and Futures Lower

Daily View

Bitcoin fell and liquidations accelerated after Middle East escalation drove oil sharply higher and pushed U.S. equity futures lower. U.S. spot Bitcoin ETF flows stayed positive for a second straight week and exchange balances showed continued net BTC outflows, but the Coinbase premium remained negative and U.S. spot demand stayed weak. Elevated oil prices remained the central macro risk to risk appetite as conflict uncertainty and Hormuz shipping concerns persisted.