# Ki Young Ju Says Bitcoin (BTC) Cost Basis Points to $30,000 Floor By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/33894 Published: 2026-10-17T09:43:15.000Z Updated: 2026-10-17T09:43:15.000Z Section: Investing > Ju argued the estimate would hold if $58 billion in ETF inflows and 1.3 million Bitcoin (BTC) held by treasury companies left the market. CryptoQuant founder Ki Young Ju argued that Bitcoin (BTC) has an on-chain floor near $30,000, even under a scenario in which ETF inflows and treasury-company holdings exit the market. Ju’s estimate covers a scenario where $58 billion in ETF inflows and 1.3 million Bitcoin held by treasury companies leave the market. He argued the cost-basis reading would still put the bottom near $30,000 in that case. MVRV, short for market-value-to-realized-value, compares [Bitcoin’s market value with its realized value](). Realized value estimates the aggregate on-chain cost basis of coins using the prices at which they last moved. Ju put MVRV at 0.2 at a Bitcoin price of $10,000, below the 0.6 level he identified at Bitcoin’s weakest historical bottoms. He argued that reaching $10,000 would require buyers from 2019 to panic, despite having already endured two 75% declines. ## Links in this article - [Bitcoin’s market value with its realized value](https://www.tokenpost.com/news/investing/30340)