A major obstacle to understanding high-Tc cuprates is that superconductivity precludes observing normal-state properties at low temperatures. One prime example is the normal-state spin susceptibility: although its decrease upon cooling far above Tc typifies pseudogap behavior, its behavior at low temperatures is generally unknown. Here, our measurements in high magnetic fields expose the spin susceptibility of YBa2Cu3Oy down to low temperatures. Even though superconductivity is suppressed by the field, we uncover two thermally-activated contributions alongside a residual susceptibility at T=0 due to gapless excitations. We relate these two distinct gaps to short-range charge-density waves and to the formation of spin singlets similar to those found in certain quantum spin systems. These phenomena thus collectively contribute to the pseudogap in the spin susceptibility at low temperature, supplementing short-lived antiferromagnetism known to initiate pseudogap behavior at high temperatures. We therefore propose that the pseudogap should be regarded as a composite property.
