CryptoQuant CEO: Bitcoin may only confirm entering a bear market if it falls below the 94K cost zone
CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the average cost of Bitcoin investors who entered in the past 6 to 12 months is around $94,000. He stated that the bear market cycle can only be confirmed when the price falls below this cost range, and it is still too early to draw conclusions; it is better to maintain a wait-and-see attitude.
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