CryptoQuant's Julio Moreno Says Bitcoin in Bear Market Amid Demand Slump
Bitcoin is in a bear market due to weak demand, CryptoQuant's Julio Moreno said on Dec. 24, BlockBeats reports. Demand growth fell below trend since early October 2025, with U.S. spot BTC ETFs recording net outflows in Q4 2025—holdings dropped by approximately 24,000 BTC—and the price slipping below the 365-day moving average.