Ki Young Ju, founder of CryptoQuant, believes that on-chain capitalization data indicates a Bitcoin bottom at $30,000, even as $58 billion in ETF inflows and 1.3 million BTC held by corporate treasuries exit the market. He argues that a drop to $10,000 is unlikely, as the MVRV ratio has fallen to just 0.2—below the 0.6 level seen at Bitcoin’s historical lowest low.
Martin HoShare
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