Scott Melker: CryptoQuant founder sees BTC floor near $30,000 despite major ETF outflows

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CryptoQuant founder sees BTC floor at $30,000

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Scott Melker: CryptoQuant founder sees BTC floor near $30,000 despite major ETF outflows — CryptoQuant founder sees BTC floor at $30,000

CryptoQuant founder Ki Young Ju said that the floor price for BTC is near $30,000, even in a scenario where all $58 billion in ETF inflows and 1.3 million BTC in treasury holdings exit the market. Ju cited on-chain cost basis in making this assessment.

Scott Melker shared Ju's statement.

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Scott Melker previously reported that TD Cowen raised its bitcoin price targets to $109,000 by 2026 and $280,000 by 2029 in response to strong market performance, according to a prior article. In a separate development, Melker highlighted Barclays' view that Tesla and SpaceX could announce merger plans before December 2026, as detailed here. Melker continues to share key industry updates on market drivers and forecasts.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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