CryptoQuant CEO Ki Young Ju predicts $30,000 Bitcoin floor even if ETFs and treasury firms exit

CryptoQuant CEO Ki Young Ju argues Bitcoin could find support near $30,000 even if institutional investors unwind roughly $58 billion in net inflows from US spot Bitcoin ETFs and sell 1.3 million BTC held by public companies. Ju states that on-chain cost basis would still support a floor near $30,000, a level he says would correspond to an MVRV ratio around 0.56, below his identified historical market bottom threshold of 0.6. He contrasts this with Bloomberg Intelligence strategist Mike McGlone's $10,000 target, which would push the ratio to approximately 0.19, a level he says falls outside historical precedents.