CryptoQuant Flags Bitcoin Bear Market Signal as ETFs Sell 10,600 BTC and Liquidity Contracts
Bitcoin is showing signs of entering a renewed bear market phase, according to CryptoQuant's latest weekly report, with its Bull Score Index dropping from 80 to zero after an October 10 liquidation event while BTC trades near $75,000. The firm highlights net selling of around 10,600 BTC by U.S. spot ETFs, a 56,000 BTC demand gap versus 2025, USDT market cap contraction of $133 million, and a breakdown below the 365-day moving average as factors that increase downside risk toward the $70,000–$60,000 area.