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CryptoQuant CEO: Bitcoin would only be confirmed to enter a Bear Market if it falls below the 94K cost zone.
Odaily News CryptoQuant founder and CEO Ki Young Ju posted on the X platform, stating that Bitcoin investors who got on board in the past 6 to 12 months have an average cost of around $94,000. He mentioned that the bear market cycle can only be confirmed when the price falls below that cost range, and it is still too early to draw conclusions; it is better to maintain a wait-and-see attitude.