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CryptoQuant Reports Bear Market Has Begun, Warns of Bitcoin Drop to $70,000

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$88,244.30-0.03%
Bitcoin analysis firm CryptoQuant reports the bear market has begun, citing weak Bitcoin demand as a key sign. In a Friday report, the firm noted Bitcoin’s on-chain demand growth has slowed since early October 2025, with most new demand in this cycle now absorbed. Bitcoin has fallen below its 365-day moving average, a key technical level. The firm warns Bitcoin could drop to $70,000, with a possible fall to $56,000 if upward momentum fails. Altcoins to watch may also face downward pressure in the coming months.
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