Bitcoin is facing mounting selling pressure, while crypto market sentiment has slipped into Fear territory. 📉 U.S. demand is weakening. The Coinbase Bitcoin Premium Index has remained largely negative since May, hitting -0.27% on October 29, its lowest level since November 2022. That’s a sharp contrast to May–October 2025, when positive premiums dominated during the bull market. 📉 Market sentiment is deteriorating. The Crypto Fear & Greed Index has fallen from above 80 in September to just 37, slipping into Fear territory in late October. With U.S. midterm elections approaching, geopolitical uncertainty, oil prices, interest rates, and AI investment trends remain key factors to watch for Bitcoin’s next move. 🔗 Track BTC market movements on BloFin: https://blofin.com/trade/en/futures/BTC-USDT