Recent fluctuations in Bitcoin’s price have sparked debate regarding the potential for a bear market. While macro factors like the US government shutdown and uncertainty surrounding Fed interest rate decisions contributed to the decline, CryptoQuant CEO Ki-young Ju offers a contrasting perspective. He believes that a significant drop below $94,000 will indicate a definitive shift towards a bearish trend. This crucial threshold serves as a turning point in determining whether Bitcoin’s price trajectory points toward a full-fledged bear market. 6 to 12 month long BTC buyers are also at $94,000. Ju highlights the importance of observing whether this level holds during future market movements rather than jumping to conclusions about a bearish trend. This analysis is not intended as investment advice.