$BTC : Bear Market or Another Reset?

CryptoQuant says $BTC has already entered a bear market, citing a sharp slowdown in demand since October 2025. After ETF inflows, the U.S. election, and the Bitcoin treasury boom, demand growth has fallen below trend - removing a key source of price support.

The firm sees downside risk toward $70,000 in the next 3–6 months 🤨, with a deeper scenario near $56,000 (what?). Signals include U.S. spot ETFs turning into net sellers, falling funding rates, and BTC dropping below its 365-day moving average.

What do you think?