WHY BITCOIN ISNT GOING BULLISH

High global interest rates reduced risk-taking in crypto markets.

Liquidity dried up as central banks tightened money supply.

Institutional investors shifted funds to safer assets like bonds.

Regulatory uncertainty scared investors, especially in the US and EU.

Bitcoin ETFs caused short-term selling after initial hype faded.

Miners sold more BTC to cover rising operational costs.

Geopolitical tensions increased market fear and volatility.

Retail investors lost confidence after repeated fake breakouts.

Altcoins and meme-coin crashes dragged overall sentiment down.

Bitcoin moves in long cycles, and consolidation phases can last months.