Date: [Insert Date]
Written By: Sam Wisdom Raphael
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**Bitcoin Bear Market Confirmation Level Identified by CryptoQuant CEO Ki Young Ju**
Ki Young Ju, the CEO of CryptoQuant, has highlighted a critical support level that, if breached, would confirm Bitcoin (BTC) has officially entered a bear market. The seasoned analyst revealed this insight in a recent post on X, amidst growing panic following Bitcoin’s latest downward trend.
Since peaking intraday at $107,465 on November 11, BTC has experienced a challenging stretch with three consecutive intraday gains but is on track for a fourth despite a discouraging 4.68% drop today alone. Overall, since November 11, Bitcoin has declined more than 10% and is currently trading around $95,139 as it fights to maintain the important $95,000 support level.
This persistent downtrend has erased over $200 billion from Bitcoin’s market cap, pushing it below the $2 trillion valuation mark, fueling uncertainty among investors.
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### Bitcoin Not in a Bear Market Until It Loses $94K
Investor fears have escalated, with the Fear and Greed Index (FGI) plunging to 16, indicating extreme fear in the market. Despite the anxiety, Ki Young Ju believes the bear market phase has not yet been confirmed.
Ju drew attention to Bitcoin’s Realized Price UTXO Age Bands, focusing particularly on the 6 to 12-month holder group. This metric reflects the average buy price of different investor cohorts based on coin holding age and is useful for gauging whether these groups are currently in profit or loss—an indicator of market sentiment.
The average cost basis for those who acquired Bitcoin between 6 and 12 months ago currently stands at approximately $94,635. At the time of Ju’s commentary, Bitcoin was trading at about $99,620. He emphasized that as long as BTC remains above this 6 to 12-month cohort’s average buy price ($94,635), the bear market is not confirmed.
“Personally, I do not think the bear cycle is confirmed unless we lose that level,” Ju noted. Presently, BTC is just about 1.1% away from dropping below the $94,000 threshold.
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### Industry Leaders Remain Unfazed Amid Panic
While many investors have understandably entered panic mode, prominent figures in the crypto industry have urged calm.
Binance founder and former CEO Changpeng Zhao highlighted the recurring pattern of investor panic during sideways price movements, pointing out that despite the fear, the market typically rebounds.
Similarly, Bitcoin permabull and Strategy Chairman Michael Saylor expressed confidence in BTC’s resilience during a recent CNBC interview. He reminded viewers that Bitcoin has experienced approximately six significant drawdowns historically – and each time, it eventually recovered.
Saylor added that over the past five years, Bitcoin has grown at an average rate of 50% annually, outpacing gold and numerous other asset classes. “We all want to go to the Moon, but if you ride the rocket, you gotta prepare to pull the G’s,” he said.
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### Disclaimer
This content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect those of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic assumes no responsibility for any financial losses incurred.
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### About the Author
**Sam Wisdom Raphael** is a seasoned crypto news writer and journalist with five years of experience covering blockchain, DeFi, and cryptocurrency developments. His active participation in the crypto community complements his in-depth knowledge of the space, enabling him to deliver clear price analysis reports and explain complex blockchain concepts.
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[End of Article]
https://thecryptobasic.com/2025/11/14/market-veteran-if-bitcoin-loses-this-level-the-bear-market-is-confirmed/
