CryptoQuant founder: Only if BTC falls below $94,000 can a bear market cycle be confirmed
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Jinse Finance reported that Ki Young Ju, founder and CEO of CryptoQuant, stated that the cost basis for investors who entered the BTC market 6 to 12 months ago is close to $94,000. Ki Young Ju mentioned that unless this level is breached, he does not believe a bear market cycle is confirmed. He prefers to wait and observe rather than rush to conclusions.
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