On-chain data analytics provider CryptoQuant issued a fresh market analysis suggesting that Bitcoin (BTC) may already be transitioning into a bear market phase, driven by a notable decline in demand growth since early October 2025. According to the report, most incremental buying pressure that had supported BTC price during the cycle may have been absorbed, diminishing key demand drivers. The firm highlighted that Bitcoin’s price has moved below its 365-day moving average, a critical long-ter...