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But we saved everything 🙂.
Exchange-traded funds (ETFs) have brought in $58 billion and treasury companies currently hold 1.3 million BTC.
Ki Young Ju, founder and CEO of CryptoQuant, added that even if these holdings exited the market, the on-chain cost basis would still put Bitcoin's price floor near $30,000. He also stated that a drop to $10,000 would imply an MVRV of 0.2, a level not seen before, and suggested that 2019 buyers would have to panic-sell for such a decline, noting they have already withstood two 75% price crashes.
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Earlier this year, Ki Young Ju said Bitcoin was still in the early stages of a bull market, cautioning that corrections are not necessarily signals of a bear phase. He has also introduced an AI platform aggregating analyst sentiment across platforms for major cryptocurrencies. These moves reflect Ju’s continued focus on Bitcoin market metrics and investor behavior.