Ki Young Ju, CEO of CryptoQuant, estimates that Bitcoin could find support near $30,000 even if all ETFs and corporate treasury holders exited the market. US Bitcoin ETFs have attracted $56.95 billion in cumulative net inflows, while public companies hold approximately 1.3 million BTC, representing 6.2% of Bitcoin’s maximum supply. A drop to $30,000 would represent a decline of roughly 63% from current levels around $82,000, although this forecast remains well above the $10,000 bearish target from Bloomberg Intelligence’s Mike McGlone. The analysis is based on the MVRV ratio (market-value-to-realized-value), with Bitcoin’s realized price standing at approximately $53,855. Strategy, led by Michael Saylor, alone holds 848,250 BTC, representing 65% of public-company Bitcoin holdings.
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