CryptoQuant Sees Shallow Bitcoin Bear Market, 55% Drawdown and $56,000 Bottom

A weekly analysis outlines a bear cycle for Bitcoin with a historically small 55% drawdown from the all‑time high, implying a potential bottom near $56,000. The view reflects softer demand, fading derivatives risk appetite, and U.S. spot ETFs turning net sellers in Q4 2025, with intermediate support anticipated around $70,000.