CryptoQuant CEO Estimates Bitcoin Floor at $30,000 Without ETF and Treasury Demand
(1 hour ago) · 1 source · Summarized by CryptoBipto
CryptoQuant CEO Ki Young Ju has stated that Bitcoin could maintain a price floor around $30,000 even in a scenario where ETFs and corporate treasury firms completely exit the market. The analysis is based on on-chain data examining the realized price and cost basis of existing holders excluding institutional demand.
WHY IT MATTERS
When people buy Bitcoin, the price they paid is recorded on the blockchain. Analysts can use this data to calculate something called the "realized price," which is like the average purchase price across all Bitcoin holders. Think of it as the average price everyone in a neighborhood paid for their houses. The CEO of CryptoQuant, a data analytics company, used this method to estimate what Bitcoin's baseline value might look like if large institutional buyers like ETFs (investment funds that trade on stock exchanges) and companies that hold Bitcoin on their balance sheets were removed from the picture. For newcomers, this kind of analysis helps illustrate how different types of buyers contribute to Bitcoin's overall market value, though it is important to understand that such estimates are based on models and assumptions, not certainties.
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