CryptoQuant records the start of a bearish phase for Bitcoin
📉 CryptoQuant announces the beginning of a bear market due to a noticeable weakening of demand for BTC
📊 CryptoQuant notes that after three waves of growth since 2023, demand from October 2025 has fallen below the long-term trend
⚠️ CryptoQuant believes that the main momentum of the current cycle has already been exhausted and key price support has been lost
🕯 CryptoQuant expects a base decline of BTC to ~$70,000 in the coming months
🧊 CryptoQuant allows for a scenario of falling to ~$56,000 in the second half of 2026 in the absence of a new impulse
📌 CryptoQuant highlights that ~$56,000 corresponds to the realized price and would represent the smallest historical drawdown for a bear market
🔍 Additional signals according to CryptoQuant
🟠 Spot BTC ETFs in the US became net sellers in Q4 2025 (~-24k BTC)
🟠 The number of addresses with a balance of 100–1,000 BTC is increasing below the trend as at the end of 2021
🟠 Funding rates in perpetual contracts are at the lows since the end of 2023
🟠 The price of BTC has fallen below the 365-day average — the classic boundary between bull and bear markets
🧩 CryptoQuant emphasizes that the Bitcoin cycle is determined by phases of demand rather than halvings
🔮 CryptoQuant adds that forecasts remain divergent from a deep bearish scenario to a long-term upside in 2026
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#BTC #ETH #BNB
