$BTC /USDT As of today (June 8, 2025), Bitcoin (BTC) is showing bearish signals, but let’s break down some key factors that may be influencing the market:

Possible Reasons for Bearishness:

1. Technical Indicators:

- If BTC is below key moving averages traders may see it as a downtrend.

- RSI (Relative Strength Index) below suggests weakening momentum.

- Breaking below critical support levels 105 k - 110k could trigger further selling.

2. Market Sentiment

- Fear & Greed Index may be in "Fear" or "Extreme Fear" territory.

- Large exchange inflows (whales moving BTC to sell) can signal downward pressure.

3. Macro Factors:

- Stronger USD or hawkish Fed policy could hurt risk assets like BTC.

- Regulatory concerns (e.g., SEC actions, global crypto bans) may weigh on sentiment.

4. On-Chain Data

- Rising exchange reserves → More selling pressure.

- Declining network activity (fewer transactions, lower fees) suggests reduced demand.