Bitcoin Has Entered a Bear Market, Say Analysts—Here’s Why – Decrypt
In brief U.S. spot Bitcoin ETFs have reduced holdings by about 24,000 BTC in Q4 2025, reversing the accumulation seen a year earlier. Large Bitcoin holders and derivatives markets showed weaker demand patterns similar to those seen ahead of past downturns. Bitcoin fell below its 365-day moving average, a level CryptoQuant said historically separated bull...
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