Bitcoin Investors' Average Cost Suggests Uncertain Bear Market Cycle

According to Odaily, Ki Young Ju, founder and CEO of CryptoQuant, shared insights on the X platform regarding Bitcoin investments. He noted that the average cost for Bitcoin investors who entered the market in the past 6 to 12 months is approximately $94,000. Ju emphasized that a bear market cycle can only be confirmed if prices fall below this cost range. He advised against drawing premature conclusions and suggested maintaining a cautious stance.