Bitcoin's $94,000 Cost Basis Emerges as Key Cycle Indicator Amid Volatility

CryptoQuant CEO Ki Young Ju identifies the $94,000 level as a critical threshold for Bitcoin's market structure, representing the average entry price for holders who accumulated between six and twelve months ago. Blockchain data shows a sustained break below this cost basis would mark the first credible signal of a bear cycle, as long-term investors transition from profit to loss. The framework prioritizes observable thresholds over speculative narratives, offering traders a concrete metric for cycle assessment.