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The cryptocurrency market is once again standing at a psychological crossroads, and Bitcoin long considered the heartbeat of digital assets is sending signals that many analysts believe cannot be ignored. According to leading on-chain analysts from CryptoQuant, the visible slowdown in Bitcoin demand since October 2025 may not be a temporary pause, but the early confirmation of a new Bear Market cycle. This conclusion is not based on emotion or price alone, but on multiple layers of structural, institutional, and behavioral data that together paint a cautious picture for the months ahead.
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