Analyst: If bitcoin can break through the quarterly breakeven price of $114,000, the trend for this quarter will turn bullish.

Jinse Finance reported that despite increased market volatility and an overall downturn, experts remain optimistic, expecting bitcoin to end the fourth quarter on a positive note. Bitcoin needs to rebound by at least 10% to reach the quarterly break-even price of $114,000. If it can break through this level, the trend for this quarter will turn bullish. "The impact of the China-US trade war on risk assets such as cryptocurrencies may exceed expectations," said Daniel Liu, CEO of Republic Technologies. He added that the potential US government shutdown crisis has also intensified the market's wait-and-see sentiment. Adam Chu, Chief Researcher at GreeksLive, stated that this cautious attitude is reflected both in market behavior and in declining liquidity. Citing cryptocurrency options data, he pointed out that neither bulls nor bears currently have the upper hand. "On the contrary, they expect the market to remain range-bound," Chu said. The analyst also highlighted systemic risks, warning that "potential institutional defaults could occur at any time," and that "the recent string of defaults in the decentralized finance (DeFi) and stablecoin sectors may be a signal of a looming crisis."