Ki Young Ju Says Bitcoin (BTC) Cost Basis Points to $30,000 Floor

CryptoQuant founder Ki Young Ju argued that Bitcoin (BTC) has an on-chain floor near $30,000, even under a scenario in which ETF inflows and treasury-company holdings exit the market. Ju’s estimate covers a scenario where $58 billion in ETF inflows and 1.3 million Bitcoin held by treasury companies leave the market. He argued the cost-basis reading would still put the bottom near $30,000 in that case. MVRV, short for market-value-to-realized-value, compares Bitcoin’s market value with its realized value . Realized value estimates the aggregate on-chain cost basis of coins using the prices at which they last moved. Ju put MVRV at 0.2 at a Bitcoin price of $10,000, below the 0.6 level he identified at Bitcoin’s weakest historical bottoms.

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