CryptoQuant CEO: Bitcoin may only confirm entering a bear market if it falls below the 94K cost zone
ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju stated on the X platform that the average cost for bitcoin investors who entered the market in the past 6 to 12 months is around $94,000. He said that only if the price falls below this cost range could a bear market cycle be confirmed. For now, it is still too early to draw conclusions, and it is better to remain on the sidelines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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