CryptoQuant CEO Sees $30,000 Bitcoin Floor Even if ETFs and Treasury Firms Exit
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CryptoQuant CEO Ki Young Ju argues that Bitcoin could find support close to $30,000 even in a hypothetical scenario in which the U.S. cash ETFs and the treasury of public companies sold their positions. His calculation contrasts with the warning of Mike McGlone of Bloomberg Intelligence, who set a fall scenario up to $10,000.
CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit
Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, CryptoQuant's chief executive argues. The scenario would require reversing roughly $58 billion in net inflows to US spot Bitcoin exchange-traded funds (ETFs) and selling the 1.3 million BTC publicly traded companies have accumulated. Yet CryptoQuant CEO Ki Young Ju believes Bitcoin's… Read the full story on CryptoSlateUnderstand the crypto …
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