đš $BTC Bitcoin Bottom Could Be Near $30K! đ
CryptoQuant founder Ki Young Ju says Bitcoinâs on-chain data points to a bottom around $30,000, even if ETF funds and all 1.3M BTC held by treasury companies leave the market.
ETFs have brought in $58B, while treasury companies hold 1.3M BTC.
A drop to $10K would push Bitcoinâs MVRV ratio to just 0.2, far below its historical bottom level of 0.6.
According to Ju, reaching $10K would require even 2019 buyers to panic after already surviving two 75% crashes. đ
What do you think? Can $BTC really drop to $30K, or is the bottom already in? đ
CryptoQuant founder Ki Young Ju says Bitcoinâs on-chain data points to a bottom around $30,000, even if ETF funds and all 1.3M BTC held by treasury companies leave the market.
ETFs have brought in $58B, while treasury companies hold 1.3M BTC.
A drop to $10K would push Bitcoinâs MVRV ratio to just 0.2, far below its historical bottom level of 0.6.
According to Ju, reaching $10K would require even 2019 buyers to panic after already surviving two 75% crashes. đ
What do you think? Can $BTC really drop to $30K, or is the bottom already in? đ