CryptoQuant CEO: BTC bear market unlikely unless price drops below $94K

Ju Ki-young, CEO of CryptoQuant, has analyzed that the $94,000 price level is a key benchmark for determining if Bitcoin has entered a bear market. In a post on X, he explained that the average purchase price for investors who bought BTC between six and 12 months ago is approximately $94,000. Ju argued that it would be difficult to consider the market bearish until the price falls below this level, advising that it is better to wait than to jump to hasty conclusions.