Price Prediction
CryptoQuant CEO Predicts Bitcoin Support Near $30,000
CryptoQuant CEO Ki Young Ju predicts Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, reversing $58 billion in net inflows to US spot Bitcoin ETFs and selling 1.3 million BTC publicly traded companies. Ju's estimate is based on Bitcoin's on-chain investor cost basis, which he believes would still support prices about three times Mike McGlone's $10,000 crash forecast. Bitcoin was trading near $82,000 over the weekend, with a fall to $30,000 representing a 63% loss from that level.