[CryptoQuant CEO: Bitcoin Falling Below the $94,000 Cost Zone May Confirm a Bear Market] CryptoQuant founder and CEO Ki Young Ju stated that the average cost for Bitcoin investors who entered the market in the past 6 to 12 months is approximately $94,000. Only when the price falls below this cost zone can the bear market cycle potentially be confirmed. For now, it is still recommended to remain cautious and observe.