CryptoQuant CEO: Only when Bitcoin falls below $94,000 can a bear market be confirmed.

Ki Young Ju, founder and CEO of CryptoQuant, stated in an article on the X platform that the average cost for Bitcoin investors who entered the market over the past 6 to 12 months is around $94,000. He said that a bear market cycle can only be confirmed when the price falls below this cost range, and it is not advisable to draw conclusions prematurely at present; it is better to remain on the sidelines and wait and see.