CryptoQuant CEO: BTC will not enter a bear market this year, the cost benchmark for Strategy's BTC is $65,033

News on February 19, CryptoQuant CEO Ki Young Ju stated that he believes Bitcoin will not enter a bear market this year and is still in a bull market cycle. He pointed out that the price of Bitcoin will eventually rise, but the fluctuation range may be large. He personally believes that even if the price falls 30% from historical highs (such as $110,000) to $77,000, the bull market cycle can still continue, which is consistent with past market cycle performances. In addition, he mentioned that Strategy's (formerly MicroStrategy) cost basis for Bitcoin is $65,033. Earlier today news reported that CryptoQuant CEO said: The cost basis for BTC in ETFs or custodial wallets is $89,000.