CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit
CryptoQuant CEO Ki Young Ju argues that Bitcoin could find a floor near $30,000 even if US spot ETF inflows reversed and public companies sold their 1.3 million BTC holdings. His estimate draws on Bitcoin’s realized price and historical MVRV levels; he says a $10,000 price would be far below past market-bottom readings. The scenario remains severe: Bitcoin was near $82,000, while Bloomberg Intelligence strategist Mike McGlone sees a possible drop to $10,000 amid weaker risk appetite, high bond yields and a potential equity downturn. ETF outflows have already topped $900 million over two weeks, but that is modest compared with cumulative inflows. Strategy holds about 65% of public-company Bitcoin reserves, so its financing decisions would heavily influence any corporate selling. Realized cost basis is not a guaranteed price floor, since large holders may sell for reasons beyond loss of confidence.
