Bitcoin’s Plunge: CryptoQuant Foretells Doom, $70k or Bust! 😱💸

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Ah, the fickle dance of fortune! Bitcoin, that digital chimera, hath plunged into the abyss of a bear market, as the voracious appetites of the masses wane and the titans of finance retreat. So proclaimeth CryptoQuant, the oracle of blockchain, on this fateful Thursday. Lo, the price may tumble to $70,000, or perchance even $56,000, in the cruel embrace of time. 🌪️✨

Since the early days of October, the growth of demand hath slipped below its sacred trend, a harbinger of doom. The great cycles of this era-the birth of U.S. spot bitcoin ETFs, the spectacle of the presidential election, and the greed of corporate treasuries-have spent their fury. Three waves of desire, now but a memory, like tears in the rain. 🌊💔

“With demand growth now rolling over,” quoth CryptoQuant, “a key source of price support hath vanished into the ether.” Alas, the pillars of our digital Babylon crumble! 🏰💨

Even the institutions, those cold-hearted leviathans, falter. The U.S. spot bitcoin ETFs, once ravenous buyers, became net sellers in the fourth quarter of 2025, shedding 24,000 bitcoins like autumn leaves. The wallets of the mighty-those holding 100 to 1,000 bitcoins-grow sluggish, a portent of doom last seen before the bear market of 2022. 🐻📉

And what of the derivatives markets? The funding rates for perpetual futures have sunk to their lowest since December 2023, a sign that traders, once bold, now tremble at the prospect of holding long positions. Fear, that ancient companion, hath returned. 😨💼

Bitcoin’s price, once a proud stallion, hath broken below its 365-day moving average, a technical omen that heralds the shift from bull to bear. The cycle turns, as it must, and we are but spectators to its relentless march. ⏳⚖️

“Demand cycles-not halvings-drive bitcoin’s four-year cycle,” CryptoQuant doth declare, shattering the illusions of those who worship at the altar of supply. Yet, in their mercy, they offer a glimmer of hope: this downturn may be shallow by the standards of history. The realized price, near $56,000, suggests a mere 55% decline from the recent zenith. Intermediate support, they say, lies at $70,000. A small comfort, perhaps, but a comfort nonetheless. 🌟🙏

And so, we stand at the precipice, gazing into the abyss. Will Bitcoin rise again, or shall it be consumed by the shadows? Only time, that cruel mistress, will tell. 🕰️🌀

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2025-12-22 06:08