CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit

CryptoQuant CEO Says Bitcoin May Find Support Near $30,000 if Institutional Holdings Are Unwound

Bitcoin may find support near $30,000 if institutional investors unwind their accumulated exposure, according to CryptoQuant CEO Ki Young Ju. The scenario would require reversing about $58 billion in net inflows to US spot Bitcoin exchange-traded funds and selling the 1.3 million BTC that publicly traded companies have accumulated. Ki Young Ju made the assessment.