CryptoQuant: Bear Market May Have Started, Mid-Term Support Level Expected at $70,000

By: theblockbeats.news|2025/12/20 09:46:06
0
Share
copy

BlockBeats News, December 20, On-chain analysis firm CryptoQuant released a report stating that Bitcoin demand growth has significantly slowed, signaling a possible bear market ahead. Since 2023, Bitcoin has experienced three major on-chain demand surges—driven by the launch of a U.S. spot ETF, the outcome of the U.S. presidential election, and the Bitcoin Treasury Company bubble—but since early October 2025, demand growth has been below the trend level. This indicates that much of the new demand in this cycle has already materialized, and a key pillar of price support has disappeared as a result.

On the other hand, the derivatives market has also confirmed a weakening risk appetite: the funding rate of perpetual futures (365-day moving average) has dropped to the lowest level since December 2023. Historically, such a decline reflects a decreased willingness to maintain long positions, a pattern that typically occurs in a bear market rather than a bull market.

Technically, the price structure has deteriorated along with weak demand: Bitcoin has fallen below its 365-day moving average, a key long-term technical support level that has historically served as a dividing line between bull and bear markets.

However, downside references indicate a relatively small bear market magnitude: Historically, the Bitcoin bear market bottom has aligned closely with the realized price, currently around $56,000, indicating a potential retreat of up to 55% from recent highs—the smallest retreat in history. The mid-term support level is expected to be around $70,000.

-- Price

--

You may also like

BVNK Founder: Three Stages of Stablecoin Development

Once payments become faster, cheaper, and globally interconnected, stablecoins will not just open up a new market, but a new realm with boundaries that are not yet visible today.

The truth about Trump's son's Bitcoin game: he made a staggering $100 million while retail investors lost $500 million

The Trump family has a family skill: to exaggerate and make something sound bigger than it actually is.

What Is Futures Trading? Hours, Platforms, and How to Start Trade Futures(2026 Guide)

Learn how to start futures trading, understand trading hours, and choose the best futures trading platform. Includes real data, strategies, and ways to maximize returns with rebates.

The Rise of Composable RWA

27 billion RWA funds are undergoing a major reshuffle: U.S. Treasury bonds are "cooling off," while high-yield credit assets are quietly dominating the DeFi lending market with permissionless designs. This article reveals the explosive logic behind composable RWA.

MAGA Up 350% in 24 Hours, PEPE Up 46% in One Day: Which Memecoins Are Next in 2026?

MAGA +350% in 24hrs. PEPE +46% in one day. RAVE +4,500% then -90%. In 2026's memecoin market, the gains are real. So are the traps? Here's how to tell the difference before you buy.

RCD Espanyol vs Real Madrid: Can the Pericos Delay the Inevitable?

RCD Espanyol vs Real Madrid lineups, standings, and stats for May 3, 2026. Real Madrid visits RCDE Stadium as Barcelona closes in on the LALIGA title. Full preview inside.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com