đš Bitcoinâs Ultimate Safety Net: Is a $30K Bottom Even Possible?
Body:
Letâs talk numbers and market reality. đ
CryptoQuant founder Ki Young Ju recently shared a massive on-chain perspective: Bitcoinâs on-chain cost basis points to a bottom near $30,000âeven in the extreme scenario where all ETF funds and treasury-held BTC (totaling 1.3M BTC) decide to exit the market!
To put things into perspective:
ETF Inflows: ETFs have successfully brought in $58 billion.
Treasury Holdings: Corporate treasuries currently hold around 1.3 million BTC.
The Extreme Bear Case: For BTC to plunge down to $10,000, it would require an MVRV ratio drop of 0.2âmeaning 2019 buyers would literally have to panic sell after already surviving multiple 75% corrections!
Meanwhile, looking at the charts right now, $BTC
is holding strong around $81,618, consolidating and showing resilience despite macro noise.
đ What do you think?
1ïžâŁ Are we ever seeing sub-$40k Bitcoin again, or is $30K purely a theoretical floor?
2ïžâŁ Where are you allocating your portfolio at current levels?
Drop your thoughts in the comments below! Let's discuss! đŹđđ
#bitcoin #BTC #CryptoQuant #CryptoAnalysis #BinanceSquare #WriteToEarn
Body:
Letâs talk numbers and market reality. đ
CryptoQuant founder Ki Young Ju recently shared a massive on-chain perspective: Bitcoinâs on-chain cost basis points to a bottom near $30,000âeven in the extreme scenario where all ETF funds and treasury-held BTC (totaling 1.3M BTC) decide to exit the market!
To put things into perspective:
ETF Inflows: ETFs have successfully brought in $58 billion.
Treasury Holdings: Corporate treasuries currently hold around 1.3 million BTC.
The Extreme Bear Case: For BTC to plunge down to $10,000, it would require an MVRV ratio drop of 0.2âmeaning 2019 buyers would literally have to panic sell after already surviving multiple 75% corrections!
Meanwhile, looking at the charts right now, $BTC
is holding strong around $81,618, consolidating and showing resilience despite macro noise.
đ What do you think?
1ïžâŁ Are we ever seeing sub-$40k Bitcoin again, or is $30K purely a theoretical floor?
2ïžâŁ Where are you allocating your portfolio at current levels?
Drop your thoughts in the comments below! Let's discuss! đŹđđ
#bitcoin #BTC #CryptoQuant #CryptoAnalysis #BinanceSquare #WriteToEarn