CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit
Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, CryptoQuant’s chief executive argues. The scenario would require reversing roughly $58 billion in net inflows to US spot Bitcoin exchange-traded funds (ETFs) and selling the 1.3 million BTC publicly traded companies have accumulated. In a post on X published on October 17, 2026, CryptoQuant CEO Ki Young Ju argued that Bitcoin could bottom near $30,000 even if spot ETF capital and Bitcoin held by corporate treasury companies exited.
His argument rests on three main points:
- $58 billion in ETF inflows: Capital entering spot Bitcoin ETFs has helped expand institutional access to Bitcoin.
- Approximately 1.3 million BTC held by treasury companies: Corporate Bitcoin holdings represent another significant source of demand and potential selling pressure.
- On-chain valuation metrics: Ju argues that Bitcoin’s historical cost-basis data makes a $10,000 price level substantially less plausible than a $30,000 bottom.
The key distinction is that Ju is making a claim about Bitcoin’s potential downside valuation, not predicting that the market will necessarily fall to $30,000.
