[Bitcoin Breaks Through $114,000, Potentially Reversing Quarterly Trend] Analysts point out that Bitcoin needs to rebound by at least 10% to reach the quarterly breakeven price of $114,000 in order to establish an upward trend for the fourth quarter. The current market is experiencing increased volatility and an overall downturn, but experts remain optimistic about Bitcoin's quarterly performance. Daniel Liu, CEO of Republic Technologies, stated that the U.S.-China trade war and the potential U.S. government shutdown crisis are intensifying market caution. Adam Chu, Chief Researcher at GreeksLive, noted that cryptocurrency options data indicates a decline in market liquidity, with neither the bulls nor the bears holding a clear advantage. He predicts that the market will likely remain range-bound in the short term. He also warned that recent default events in the DeFi and stablecoin sectors could be precursors to systemic risks, with potential institutional defaults possibly occurring at any time.