CryptoQuant Flags Demand-Driven Bitcoin Bear Phase; $70,000 and $56,000 in Focus

On 20 December 2025, CryptoQuant warned Bitcoin may have shifted into a bear phase driven by fading demand rather than panic selling. Its on-chain metrics highlight weaker U.S. spot ETF inflows, slower growth among 100–1,000 BTC wallets, and softer perpetual funding, with $70,000 eyed near term and $56,000 (realized price) a later target if demand fails to recover.